empty
18.12.2024 08:34 AM
How to Trade the EUR/USD Pair on December 18? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades

1H Chart of EUR/USD

This image is no longer relevant

On Tuesday, the EUR/USD pair continued trading within a clear sideways channel. Neither macroeconomic nor fundamental factors can break the pair out of this flat range. We previously warned that a correction could take a long time, as this is standard market behavior. Corrections are often used to accumulate new positions, and we believe that the current phase involves building up short positions on the euro. Until the flat ends, no clear direction in movement can be discussed. Flat trading is always chaotic and random.

Yesterday, the Eurozone released several secondary reports that did not impact the pair's movement. In the U.S., reports on industrial production and retail sales were published. The first report showed weaker-than-expected results, while the second exceeded forecasts. As expected, the flat movement continued.

5M Chart of EUR/USD

This image is no longer relevant

Only one signal was formed on Tuesday in the 5-minute timeframe. There was a bounce from the 1.0526 level overnight, but the price hadn't moved far from the signal's formation point by the time the European trading session opened. The pair failed to reach the nearest target level of 1.0451, but novice traders had numerous opportunities throughout the day to close the trade with profit.

Trading Strategy for Wednesday:

On the hourly timeframe, EUR/USD continues to correct within the sideways channel of 1.0451–1.0596. After a two-month decline, no one is rushing to buy the euro. This week, the price may break out of this channel through the lower boundary, signaling the resumption of the downtrend that began three months ago. However, much will depend on macroeconomic and fundamental developments.

It will be difficult to anticipate any specific movement from the pair on Wednesday. The FOMC meeting is scheduled for the evening, so the price will likely remain within the sideways channel during the day.

On the 5-minute timeframe, the levels of 1.0269-1.0277, 1.0334-1.0359, 1.0433-1.0451, 1.0526, 1.0596, 1.0678, 1.0726-1.0733, 1.0797-1.0804, 1.0845-1.0851, and 1.0888-1.0896 should be considered. On Wednesday, the European Union will release its second inflation estimate for November, a minor event. There are a few minor reports in the US, the Fed meeting with Powell's speech, and an updated dot-plot chart.

Core Trading System Rules:

  1. Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.
  2. False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.
  3. Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.
  4. Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.
  5. MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.
  6. Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.
  7. Stop Loss: Set a Stop Loss to breakeven after the price moves 15 pips in the desired direction.

Key Chart Elements:

Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders.

Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading.

MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals.

Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals.

Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
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

GBP/USD: plan para la sesión europea del 23 de diciembre. Informes Commitment of Traders (COT) (análisis de las operaciones de ayer). La libra mostró una buena recuperación

El pasado viernes se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo ocurrido. En mi pronóstico de la mañana, presté atención

Miroslaw Bawulski 08:24 2024-12-23 UTC+2

EUR/USD: plan para la sesión europea del 23 de diciembre. Informes Commitment of Traders (COT) (análisis de las operaciones de ayer). Los datos de EE. UU. ayudaron al euro

El pasado viernes se formaron varios buenos puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico de la mañana, presté

Miroslaw Bawulski 08:23 2024-12-23 UTC+2

GBP/USD: plan para la sesión europea del 19 de diciembre. Informes Commitment of Traders (COT) (análisis de las operaciones de ayer). La libra cayó frente al dólar, y aquí está el motivo

GBP/USD: plan para la sesión europea del 19 de diciembre. Informes Commitment of Traders (COT) (análisis de las operaciones de ayer). La libra cayó frente al dólar, y aquí está

Miroslaw Bawulski 07:25 2024-12-19 UTC+2

EUR/USD: plan para la sesión europea del 19 de diciembre. Informes Commitment of Traders (COT) (análisis de las operaciones de ayer). Por qué el euro cayó tanto

Ayer 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 atención

Miroslaw Bawulski 07:25 2024-12-19 UTC+2

GBP/USD: plan para la sesión europea del 17 de diciembre. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra devuelve la esperanza a los compradores

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi previsión matutina, presté atención al nivel de 1,2664

Miroslaw Bawulski 07:34 2024-12-17 UTC+2

EUR/USD: plan para la sesión europea del 17 de diciembre. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro logró recuperar posiciones

Ayer no se formaron puntos de entrada claros en el mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi previsión matutina, presté atención al nivel

Miroslaw Bawulski 07:34 2024-12-17 UTC+2

GBP/USD: plan para la sesión europea del 16 de diciembre. Informes de Commitment of Traders (COT) (análisis de las operaciones de ayer). La libra sigue bajo presión

El pasado viernes se formaron varios puntos de entrada al mercado. Veamos el gráfico de marco temporal de 5 minutos y analicemos lo que ocurrió. En mi pronóstico

Miroslaw Bawulski 08:11 2024-12-16 UTC+2

EUR/USD: plan para la sesión europea del 16 de diciembre. Informes de Commitment of Traders (COT) (análisis de las operaciones de ayer). El euro rebotó rápidamente

El pasado viernes se formaron varias buenas entradas al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico de la mañana, presté atención

Miroslaw Bawulski 08:11 2024-12-16 UTC+2

EUR/USD: plan para la sesión americana del 13 de diciembre (análisis de las operaciones de la mañana). El euro intenta mostrar una subida

En mi pronóstico matutino presté atención al nivel 1.0548 y planeé tomar decisiones para entrar al mercado desde allí. Veamos el gráfico de marco temporal de 5 minutos y analicemos

Miroslaw Bawulski 11:29 2024-12-13 UTC+2

GBP/USD: plan para la sesión europea del 12 de diciembre. Informes de Commitment of Traders COT (análisis de las operaciones de ayer). La libra permanece dentro del canal

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico matutino, presté atención al nivel 1.2758

Miroslaw Bawulski 07:34 2024-12-12 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.