empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
17.06.2025 09:02 PM
EUR/USD: Simple Trading Tips for Beginner Traders – June 17th (U.S. Session)
Open trading account Open demo account

Trade Review and Euro Trading Recommendations

The test of the 1.1551 level in the first half of the day coincided with a moment when the MACD indicator had moved significantly below the zero mark, which limited the pair's downward potential. For this reason, I didn't sell the euro and remained out of the market.

Positive ZEW economic sentiment index figures for both Germany and the eurozone exceeded analysts' expectations. However, the euro failed to show strong growth and remained under pressure. The low trading volume and volatility in the first half of the day were clearly driven by investors' uncertainty about the future course of the geopolitical crisis.

During the U.S. session, we await quite interesting data on changes in retail sales, industrial production, and manufacturing output. These releases may trigger volatility in the EUR/USD pair. Investors and traders will be closely watching these macroeconomic indicators as they may shed light on the current state of the U.S. economy.

Retail sales, in particular, are a key measure of consumer spending, which comprises a significant portion of U.S. GDP. An increase in retail sales signals economic strength and consumer confidence, typically supporting the U.S. dollar. Conversely, a decline may indicate slowing growth and dollar weakness.

Industrial and manufacturing output are also important indicators of a country's economic health. Increases in these figures signal rising production activity and economic expansion. Declines, on the other hand, may suggest the onset of recession.

Altogether, these data points can significantly influence market expectations regarding future actions by the Federal Reserve.

Intraday Strategy Focus

For now, I will rely more on the implementation of scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1:

Buy the euro today on a move to the 1.1575 level (green line on the chart) with a target of 1.1634. At 1.1634, I plan to exit the market and also sell the euro in the opposite direction, aiming for a 30–35 point retracement. Euro growth today is possible after weak U.S. data. Important: Before buying, ensure the MACD indicator is above the zero mark and just starting to rise from it.

Scenario #2: I also plan to buy the euro if there are two consecutive tests of the 1.1551 level when the MACD indicator is in the oversold zone. This will limit the pair's downward potential and trigger a market reversal upward. A rise to 1.1575 and 1.1634 can be expected.

Sell Signal

Scenario #1: I plan to sell the euro after a decline to the 1.1551 level (red line on the chart). The target will be 1.1491, where I intend to exit and buy immediately in the opposite direction (aiming for a 20–25 point retracement). Downward pressure on the pair will return if U.S. data is strong. Important: Before selling, make sure the MACD indicator is below the zero mark and just starting to fall from it.

Scenario #2: I also plan to sell the euro if there are two consecutive tests of the 1.1575 level while the MACD is in the overbought zone. This will limit the pair's upward potential and trigger a downward reversal. A decline toward 1.1551 and 1.1491 can be expected.

This image is no longer relevant

Chart Key:

  • Thin green line – entry price for buying the trading instrument
  • Thick green line – anticipated take profit level, as further growth above this level is unlikely
  • Thin red line – entry price for selling the trading instrument
  • Thick red line – anticipated take profit level, as further decline below this level is unlikely
  • MACD Indicator – use overbought and oversold zones to guide market entries

Important Note for Beginner Traders:

Forex beginners must be very cautious when entering the market. It is best to stay out of the market before key fundamental reports are released to avoid getting caught in sharp price swings. If you choose to trade during news releases, always place stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit—especially if you don't use proper money management and trade large volumes.

Remember, successful trading requires a clear plan, like the one I presented above. Spontaneous decisions based on current market conditions are an inherently 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
All Analytics
Crypto-currencies
Trading tips for crypto market on May 20 (North American session) Bitcoin and Ether performed well today in terms of buying following a pause in yesterday's bear market. Demand has returned to the cryptocurrency market, especially after geopolitical tensions eased somewhat
Miroslaw Bawulski
16:20 2025-06-20 +02:00
2005
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session) Trade Review and Tips for Trading the Japanese Yen Due to low volatility, the levels I indicated were not tested in the first half of the day. Given the data
Jakub Novak
15:49 2025-06-20 +02:00
2155
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • 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 – June 20th (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen Due to low volatility, the levels I indicated were not tested in the first half of the day. Given the data
Jakub Novak 15:49 2025-06-20 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)

Trade Review and Tips for the British Pound The test of the 1.3477 price level in the first half of the day occurred when the MACD indicator had already moved
Jakub Novak 15:39 2025-06-20 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – June 20th(U.S. Session)

Trade Review and Tips for the Euro The first test of the 1.1514 price level in the first half of the day occurred when the MACD indicator had already dropped
Jakub Novak 15:36 2025-06-20 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 20. Analysis of Yesterday's Forex Trades

The price test at 145.40 occurred when the MACD indicator dropped significantly below the zero mark, limiting the pair's downside potential. For this reason, I did not sell the dollar
Jakub Novak 08:53 2025-06-20 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 20. Analysis of Yesterday's Forex Trades

The price test at 1.3439 occurred when the MACD indicator had just begun to move upward from the zero mark, which confirmed a valid entry point for buying the pound
Jakub Novak 08:53 2025-06-20 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 20. Analysis of Yesterday's Forex Trades

The price test at 1.1484 aligned with the MACD indicator beginning to rise from the zero mark, confirming a valid entry point for purchasing the euro. However, the pair
Jakub Novak 08:53 2025-06-20 UTC+2

Intraday Strategies for Beginner Traders on June 20

The demand for risky assets returned yesterday, leading to a relatively strong weakening of the U.S. dollar. This may be due to the U.S. holiday and the lack of significant
Miroslaw Bawulski 08:33 2025-06-20 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the Japanese Yen The test of the 145.19 price level in the first half of the day coincided with the MACD indicator just beginning
Jakub Novak 20:10 2025-06-19 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the British Pound The test of the 1.3394 price level in the first half of the day coincided with the MACD indicator just beginning
Jakub Novak 20:08 2025-06-19 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the Euro The test of the 1.1459 price level in the first half of the day coincided with the MACD indicator just beginning
Jakub Novak 20:06 2025-06-19 UTC+2

Top analytics

Relevance up to 06:00 UTC--5
EUR/USD: Simple Trading Tips for Beginner Traders – June 20th(U.S. Session)
15:36 2025-06-20
Forecast
Relevance up to 06:00 UTC--5
USD/JPY: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)
15:49 2025-06-20
Forecast
Relevance up to 06:00 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)
15:39 2025-06-20
Forecast
Relevance up to 06:00 UTC--5
GBP/USD: Trading Plan for the U.S. Session on June 20TH (Review of Morning Trades)
15:31 2025-06-20
Trading plan
Relevance up to 04:00 UTC--5
Uptrend in US stock market about to crack. Will market maintain bullish momentum until end of summer?
17:09 2025-06-20
Stock Markets
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.