empty
11.04.2025 06:20 PM
EUR/USD: Simple Trading Tips for Beginner Traders on April 11th (U.S. Session)

Trade Analysis and Tips for the Euro

The test of the 1.1296 price level occurred when the MACD indicator was just starting to move upward from the zero mark, which confirmed the correct entry point for buying euros. As a result, the pair rose toward the target level of 1.1389.

Today's U.S. trading session will bring investors a series of key economic updates. In particular, the March Producer Price Index (PPI) will offer insight into inflation from the production side. A decline in PPI could signal a possible slowdown in consumer prices, which may influence the Federal Reserve's interest rate policy. The University of Michigan Consumer Sentiment Index is a key gauge of consumer confidence and spending willingness. A rise in the index typically signals optimism and supports economic growth. The inflation expectations report, also from the University of Michigan, is important for shaping future inflation trends, but considering recent data, this leading indicator may not fully reflect the broader picture.

As for the intraday strategy, I will mainly rely on Scenario #1 and Scenario #2.

This image is no longer relevant

Buy Signal

Scenario #1: Today, I plan to buy the euro upon reaching the price area of 1.1375 (green line on the chart), aiming for a rise to 1.1500. At 1.1500, I plan to exit the market and open short positions in the opposite direction, expecting a 30–35 point retracement from the entry point. A euro rally today can only be expected if U.S. data is weak. Important! Before buying, make sure the MACD indicator is above the zero line and just starting to rise from it.

Scenario #2: I also plan to buy the euro today in the event of two consecutive tests of the 1.1314 level when the MACD indicator is in the oversold zone. This will limit the pair's downward potential and lead to a reversal upward. A rise toward the opposite levels of 1.1375 and 1.1500 can then be expected.

Sell Signal

Scenario #1: I plan to sell the euro after reaching the 1.1314 level (red line on the chart), targeting a move to 1.1222, where I will exit and open immediate long positions in the opposite direction (expecting a 20–25 point retracement). Selling pressure may return today in case of higher-than-expected U.S. inflation data. Important! Before selling, make sure the MACD indicator is below the zero line and just starting to move downward from it.

Scenario #2: I also plan to sell the euro today in the event of two consecutive tests of the 1.1375 level when the MACD indicator is in the overbought zone. This will limit the pair's upward potential and trigger a downward reversal. A decline toward the opposite levels of 1.1314 and 1.1222 can then be expected.

This image is no longer relevant

What's on the Chart:

  • Thin green line – entry price for buying the instrument
  • Thick green line – approximate target price to place a Take Profit or manually fix profits, as further growth beyond this level is unlikely
  • Thin red line – entry price for selling the instrument
  • Thick red line – approximate target price to place a Take Profit or manually fix profits, as further decline beyond this level is unlikely
  • MACD Indicator – always refer to overbought and oversold zones when entering the market

Important Note for Beginners:

Forex beginners should be very cautious when entering the market. Avoid trading during major news releases to prevent getting caught in sharp price fluctuations. If you decide to trade during news events, always place stop-loss orders to minimize potential losses. Without stop-losses, you can quickly lose your entire deposit, especially if you're not using proper money management and are trading large positions.

And remember, successful trading requires a clear trading plan, like the one I presented above. Making spontaneous decisions based on the current market situation is a losing strategy for intraday traders.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on April 21st (U.S. Session)

Trade Breakdown and Trading Tips for the Japanese Yen The first test of the 140.62 price level occurred when the MACD indicator had already fallen significantly below the zero line

Jakub Novak 19:41 2025-04-21 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on April 21st (U.S. Session)

Trade Breakdown and Tips for Trading the British Pound The price test at 1.3399 coincided with the MACD beginning to rise from the zero line, confirming a valid entry point

Jakub Novak 19:39 2025-04-21 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on April 21st (U.S. Session)

Trade Breakdown and Tips for Trading the Euro The price test at 1.1545 occurred when the MACD indicator had already moved far above the zero line, which limited the pair's

Jakub Novak 19:29 2025-04-21 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades

The price test at 142.20 occurred when the MACD indicator had already moved significantly below the zero line, limiting the pair's downside potential. For this reason, I didn't sell

Jakub Novak 08:59 2025-04-21 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades

The price test at 1.3268 occurred when the MACD indicator moved significantly above the zero line, limiting the pair's upside potential. For that reason, I did not buy the pound

Jakub Novak 08:59 2025-04-21 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades

The levels I had marked were not tested in the second half of the day. This was due to the market holiday and the closure of several major exchanges. During

Jakub Novak 08:59 2025-04-21 UTC+2

Intraday Strategies for Beginner Traders on April 21

The euro and the pound posted significant gains during today's Asian trading session, and there were objective reasons for this. The sharp weakening of the U.S. dollar during the Asian

Miroslaw Bawulski 08:59 2025-04-21 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 18. Review of Yesterday's Forex Trades

The test of the 142.38 level coincided with a moment when the MACD indicator had already significantly moved below the zero mark, which limited the pair's downside potential. For this

Jakub Novak 08:33 2025-04-18 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 18. Review of Yesterday's Forex Trades

The test of the 1.3249 price level occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upside potential. For this reason

Jakub Novak 08:31 2025-04-18 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 18. Review of Yesterday's Forex Trades

The test of the 1.1357 price level occurred when the MACD indicator had already dropped significantly below the zero line, which limited the pair's downside potential. For this reason

Jakub Novak 08:30 2025-04-18 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.