Analysis of Trades and Trading Tips for the Euro:

The test of the price at 1.1756 coincided with the MACD indicator just beginning to move downward from the zero mark, confirming the correct entry point for selling euros. As a result, the pair decreased by more than 30 pips.

Fresh data on US retail sales, which showed growth of 1.7% and exceeded expectations, supported the strengthening of the US currency in the second half of the day. Given its sensitivity to various economic factors, retail sales often serve as a reliable indicator of the overall condition of the economy. The data presented exceeded expectations, providing a positive surprise for traders. However, the dollar's strength, prompted by favorable retail data, was short-lived. During the Asian trading session, positive developments regarding the ceasefire between the US and Iran drove demand for the euro.

Today, in addition to statements from US and Iranian representatives, market participants are likely to focus on the release of macroeconomic data from the Eurozone. Particular interest will be in consumer confidence data. This indicator is traditionally significant for evaluating both the current situation and forecasts for consumer demand. A deterioration in this figure could pressure the euro. Simultaneously, the Bundesbank will release its monthly report, which will include analysis and evaluations of the economic situation in Germany, the largest economy in the Eurozone. The report typically includes a detailed overview of leading sectors, an analysis of inflation risks, and forecasts for future developments. The information presented in this report could significantly influence market participants' expectations regarding the European Central Bank's future monetary policy actions.

Regarding the intraday strategy, I will focus more on implementing Scenario No. 1 and Scenario No. 2.

Buy Scenarios

• Scenario No. 1: I plan to buy euros today when the price reaches around 1.1759 (green line on the chart), targeting a price of 1.1790. At point 1.1790, I intend to exit the market and sell euros in the opposite direction, aiming for a movement of 30-35 pips from the entry point. Growth in the euro can only be anticipated after positive data. Important! Before buying, ensure that the MACD indicator is above the zero mark and is just beginning to rise from there.
• Scenario No. 2: I plan to buy euros today if the price tests 1.1738 twice in a row while the MACD indicator is in the oversold area. This will limit the pair's downward potential and lead to an upward market reversal. A rise to the opposite levels of 1.1759 and 1.1790 can be expected.

Sell Scenarios

• Scenario No. 1: I plan to sell euros after the price reaches level 1.1738 (red line on the chart). The target will be level 1.1710, where I intend to exit the market and immediately buy in the opposite direction (aiming for a movement of 20-25 pips back from the level). Pressure on the pair may return today if conditions in the Middle East deteriorate. Important! Before selling, ensure that the MACD indicator is below the zero mark and is just beginning its decline from there.
• Scenario No. 2: I also plan to sell euros today if the price tests 1.1759 twice in a row while the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a downward market reversal. A decrease to the opposite levels of 1.1738 and 1.1710 can be expected.

What Is On The Chart:

• Thin green line – the entry price at which the trading instrument can be bought;
• Thick green line – the expected price where Take Profit can be set, or profits can be secured, as further growth above this level is unlikely;
• Thin red line – the entry price at which the trading instrument can be sold;
• Thick red line – the expected price where Take Profit can be set, or profits can be secured, as further decline below this level is unlikely;
• MACD Indicator. It is important to be guided by overbought and oversold zones upon entering the market.

Important: Beginner traders in the Forex market need to be very cautious when making entry decisions. It is best to be out of the market before important fundamental reports are released to avoid being caught in sharp price fluctuations. If you choose to trade during news releases, always set stop orders to minimize losses. Without setting stop orders, you can quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember, for successful trading, it is essential to have a clear trading plan, like the one presented above. Spontaneous trading decisions based on the current market situation are inherently a losing strategy for intraday traders.