Vea también
The test at the 1.1438 level coincided with the MACD indicator beginning to move upward from the zero mark, confirming the correct entry point for buying the euro. However, after a 10-pip rise, pressure on the pair returned.
Disappointing U.S. manufacturing sector ISM data prompted a reassessment of the dollar's strength and the Federal Reserve's future monetary policy. Traders began to anticipate a higher likelihood of upcoming interest rate cuts, which negatively affected the dollar, a currency traditionally sensitive to changes in rate forecasts. Nevertheless, it's worth considering that the euro's strengthening could be short-lived and simply a technical impulse typical at the start of a new month. The economic outlook and forecasts for the Eurozone remain uncertain due to Trump's tariffs.
In the first half of the day, Eurozone CPI data for May—the key inflation indicator—and the unemployment rate will be published today. Market participants will closely scrutinize these economic indicators as they provide valuable insight into the current state of the European economy and how the European Central Bank may conduct its monetary policy going forward—especially given that the ECB may conclude its rate-cutting cycle this Thursday. If CPI comes in higher than expected, it could increase pressure on the ECB to take a tougher stance, supporting the euro. Conversely, a lower CPI could weaken arguments for maintaining rates and negatively impact the euro.
The unemployment rate also plays a significant role. A decrease points to labor market improvement and suggests the Eurozone economy's resilience to external shocks. Conversely, an increase could raise concerns about slowing economic growth and lead to euro weakness.
Thus, today's inflation and unemployment data from the Eurozone are likely to significantly impact the euro. Investors will closely watch these figures to assess the prospects for the European economy and the ECB's potential actions. Any unexpected deviations from forecasts could cause significant volatility in the currency markets.
For intraday strategy, I will focus primarily on Scenarios #1 and #2.
Scenario #1: Today, I plan to buy the euro at around 1.1429 (green line on the chart) with a target of rising to 1.1464. At 1.1464, I plan to exit the market and sell the euro in the opposite direction, aiming for a 30–35 pip move from the entry point. It's important to rely on positive data.
Important: Before buying, ensure the MACD indicator is above the zero line and starting to rise.
Scenario #2: I plan to buy the euro today if the MACD indicator is in the oversold area and the pair tests 1.1410 twice consecutively. This would limit the pair's downside potential and lead to a market reversal upward. A rise to 1.1429 and 1.1464 can be expected.
Scenario #1: I plan to sell the euro after reaching the 1.1410 level (red line on the chart). The target will be 1.1380, where I plan to exit and immediately buy in the opposite direction, aiming for a 20–25 pip move from the level. Pressure on the pair may return if there's a sharp drop in inflation.
Important: Before selling, ensure the MACD indicator is below the zero line and starting to decline.
Scenario #2: I also plan to sell the euro today in the case of two consecutive tests of the 1.1429 level when the MACD indicator is in the overbought area. This would limit the pair's upside potential and lead to a market reversal downward. A decline toward 1.1410 and 1.1380 can be expected.
You have already liked this post today
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
Los futuros del petróleo Brent se acercaron a la zona de resistencia descendente, pero no lograron consolidarse por encima, retrocediendo hacia abajo. El panorama técnico sigue siendo tenso: el precio
El petróleo respira cambios. La política y la economía vuelven a entrelazarse en un nudo apretado, y los activos de materias primas —especialmente el petróleo y el gas— se convierten
Los futuros del petróleo Brent subieron a aproximadamente $71,3 por barril el martes, marcando la tercera sesión consecutiva de crecimiento, ya que la tensión en Medio Oriente eclipsó otros acontecimientos
El mercado bursátil vuelve a subir, con el S&P 500 en la cúspide de la euforia. ¿Qué será lo próximo? ¿Los aranceles y la política de la Reserva Federal reforzarán
El jueves, los futuros de las acciones estadounidenses permanecen prácticamente sin cambios después de un impresionante rally en la sesión de trading anterior, cuando el S&P 500 alcanzó máximos históricos
Análisis de operaciones y consejos para operar con el yen japonés La prueba del precio 155.96 coincidió con el momento en que el indicador MACD apenas comenzaba a moverse hacia
Análisis de operaciones y consejos para operar con la libra esterlina. La primera prueba del precio 1.2184 en la segunda mitad del día coincidió con el momento
Video de entrenamiento
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?
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 InstaTrade anyway.
We are sorry for any inconvenience caused by this message.