empty
10.07.2025 08:48 AM
How to Trade the EUR/USD Currency Pair on July 10th: Simple Tips and Trade Analysis for Beginners

Wednesday Trade Analysis:

EUR/USD – 1H Chart

This image is no longer relevant

On Wednesday, the EUR/USD pair continued to trade in line with the prevailing trend from the previous week. Market activity was minimal throughout the day, with very low volatility. So far, the market has shown little reaction to potential new tariffs announced by Donald Trump on copper and pharmaceuticals, or to the increased duties for Japan, South Korea, and 13 other countries. However, we view this as a temporary phenomenon. The current strengthening of the U.S. dollar is purely a technical correction—and a weak one, clearly visible even on the hourly timeframe. Naturally, if significant fundamental news emerges in favor of the dollar, the upward movement may continue. But what kind of news would that be, considering Trump has been announcing new import tariffs every day this week? We still believe that the dollar is likely to weaken further, and a breakout above the trendline will provide technical grounds for buying.

EUR/USD – 5M Chart

This image is no longer relevant

On the 5-minute timeframe, not a single trading signal was formed on Wednesday. The price didn't approach any of the marked levels during the day, so beginner traders had no valid reasons to open positions.

How to Trade on Thursday:

On the hourly timeframe, the EUR/USD pair is still undergoing a correction, but the five-month upward trend remains intact. The fact that Donald Trump is president of the United States continues to be enough to pressure the dollar. Of course, periodic corrections are normal (as seen now), but the overall fundamental backdrop still makes it difficult to expect sustained dollar strength. This week, the price may continue to decline gradually, but a breakout above the downward trendline would signal a new upward trend.

On Thursday, EUR/USD may continue a slow decline. No important events are scheduled for the penultimate trading day of the week, and there are currently no clear signs that the technical correction is over.

On the 5-minute timeframe, monitor the following levels:1.1198–1.1218, 1.1267–1.1292, 1.1354–1.1363, 1.1413, 1.1455–1.1474, 1.1527, 1.1561–1.1571, 1.1609, 1.1666, 1.1740–1.1745, 1.1808, 1.1851, 1.1908.On Thursday, Germany will release the second estimate of June inflation, and the U.S. will publish unemployment claims data. Both reports are secondary and are unlikely to significantly affect the euro or the dollar.

Basic Rules of the Trading System:

  1. Signal strength is determined by how quickly the signal formed (bounce or breakout). The faster it occurs, the stronger the signal.
  2. If two or more false signals have been generated around a particular level, all further signals from that level should be ignored.
  3. During sideways movement, a pair may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.
  4. Trade only between the start of the European session and the middle of the U.S. session. All positions should be closed manually after this period.
  5. On the 1H chart, trade MACD signals only when volatility is high and the trend is confirmed by a trendline or channel.
  6. If two levels are very close (within 5–20 points), treat them as a single support or resistance zone.
  7. After the price moves 15 points in the right direction, set Stop Loss to breakeven.

What's on the charts:

  • Support and resistance levels – key areas where buying or selling targets can be placed. Take Profit levels can also be set near them.
  • Red lines – channels or trendlines showing the current trend and the preferred direction for trading.
  • MACD indicator (14,22,3) – the histogram and signal line are auxiliary tools that can be used for additional signals.
  • Major speeches and economic reports (always listed in the news calendar) can significantly impact the currency pair's movement. Be cautious during releases or exit the market to avoid sharp reversals against the previous trend.

Important note for beginners: Not every trade will be profitable. Developing a clear strategy and applying proper money management are essential for long-term success in forex trading.

Summary
Urgency
Analytic
Stanislav Polyanskiy
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar y análisis de las operaciones con el par GBP/USD el 24 de julio. La libra no encontró razones para hacer una pausa.

Análisis del par GBP/USD 5M. El par de divisas GBP/USD durante el miércoles, a diferencia del par EUR/USD, continuó tranquilamente su movimiento hacia el Norte. Durante el día no hubo

Paolo Greco 07:22 2025-07-24 UTC+2

Recomendaciones para operar y análisis de las operaciones con el par EUR/USD el 24 de julio. Los acuerdos comerciales de Trump no ayudaron al dólar.

Análisis del par EUR/USD 5M. El par de divisas EUR/USD durante el miércoles no mostró ningún movimiento interesante, y el mercado no mostró ningún interés en los acuerdos comerciales

Paolo Greco 07:21 2025-07-24 UTC+2

GBP/USD: plan para la sesión europea del 23 de julio. Informes COT (análisis de las operaciones de ayer). La libra actualizó el máximo semanal

Ayer se formaron varios puntos de entrada al mercado. Vamos a ver el gráfico de 5 minutos y entender qué ocurrió. En mi pronóstico de la mañana presté atención

Miroslaw Bawulski 08:47 2025-07-23 UTC+2

EUR/USD: plan para la sesión europea del 23 de julio. Informes COT (análisis de las operaciones de ayer). El euro creció bastante bien

Ayer se formaron varios puntos de entrada al mercado. Vamos a ver el gráfico de 5 minutos y entender qué pasó allí. En mi pronóstico de la mañana presté atención

Miroslaw Bawulski 08:47 2025-07-23 UTC+2

Recomendaciones para operar y análisis de las operaciones con el par GBP/USD el 23 de julio. El crecimiento lógico continúa.

El par de divisas GBP/USD también continúa su movimiento ascendente durante el martes. La nueva caída de la moneda estadounidense puede intentarse vincular con el discurso de Jerome Powell, como

Paolo Greco 07:54 2025-07-23 UTC+2

Recomendaciones para operar y análisis de las operaciones con el par EUR/USD el 23 de julio. La caída predecible del dólar continúa.

El par de divisas EUR/USD durante el martes permaneció inmóvil durante la primera mitad del día y en la segunda mitad se negoció al alza. En la segunda mitad

Paolo Greco 07:54 2025-07-23 UTC+2

EUR/USD: plan para la sesión europea del 22 de julio. Informes COT (análisis de las operaciones de ayer). Los compradores del euro se activaron

Ayer se formaron varios puntos de entrada al mercado. Vamos a mirar el gráfico de 5 minutos y analizar lo que ocurrió. En mi pronóstico de la mañana presté atención

Miroslaw Bawulski 07:51 2025-07-22 UTC+2

Cómo operar el par GBP/USD el 22 de julio. Consejos simples y análisis de operaciones para principiantes.

El par GBP/USD mostró el lunes exactamente los mismos movimientos que el par EUR/USD. Por lo tanto, es evidente que en todo el mercado el dólar estadounidense comenzó una nueva

Paolo Greco 07:51 2025-07-22 UTC+2

Cómo operar el par EUR/USD el 22 de julio. Consejos simples y análisis de operaciones para principiantes.

El par de divisas EUR/USD aparentemente completó el lunes una tendencia bajista de tres semanas. Recordemos que durante al menos las últimas dos semanas, desde Estados Unidos llegaba una gran

Paolo Greco 07:51 2025-07-22 UTC+2

EUR/USD: plan para la sesión europea del 21 de julio. Informes COT (análisis de las operaciones de ayer). La corrección del euro se acerca a su final

El viernes pasado se formó solo un punto de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico de la mañana, presté

Miroslaw Bawulski 08:11 2025-07-21 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el 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.