empty
07.02.2025 07:45 AM
How to Trade the EUR/USD Pair on February 7? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades

1H Chart of EUR/USD

This image is no longer relevant

On Thursday, the EUR/USD currency pair showed very low volatility and limited movement. There were very few significant events or reports concerning the euro or the dollar throughout the day. The only notable report was on Eurozone retail sales, which, as expected, came in weaker than forecasted. This led to a small decline in the euro during the first half of the day, which was reasonable.

We had anticipated that the Bank of England's meeting, its results, and Andrew Bailey's speech might trigger a market reaction in the euro. However, this did not occur. The price tested the 1.0359 level, rebounded, and remained in an upward correction on the daily timeframe. As a result, nothing significant changed during Thursday's session.

5M Chart of EUR/USD

This image is no longer relevant

On the 5-minute timeframe, a single trading signal appeared on Thursday. During the European session, the price declined to the 1.0334–1.0359 range, where it traded for about 5 to 6 hours. Eventually, a bounce occurred; however, the signal was weak and lacked clarity. Despite this, novice traders who entered long positions based on the signal would have secured a small profit, as the currency pair moved away from this area by the end of the day.

Trading Strategy for Friday:

On the hourly timeframe, EUR/USD is currently in a medium-term downtrend. Although the local uptrend was invalidated, it has since resumed. We expect further declines in the euro, as the fundamental and macroeconomic conditions continue to favor the U.S. dollar. However, the upward correction on the daily timeframe may still persist for several weeks.

On Friday, the movements of the pair will largely depend on U.S. macroeconomic data, which means both a sharp decline and a strong rally are possible outcomes.

For the 5-minute timeframe, key levels to watch include: 1.0156, 1.0221, 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, and 1.0845–1.0851. No significant economic events are scheduled in the Eurozone on Friday. In contrast, the U.S. will release the highly anticipated Nonfarm Payrolls, unemployment rate, and the University of Michigan Consumer Sentiment Index. As a result, the main market movements and a potential surge in volatility are expected during the U.S. trading session.

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.

Paolo Greco,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

GBP/USD: Plano de Negociação para a Sessão dos E.U. de 11 de março (Análise das Negociações da Manhã). Compradores de Libra buscam uma nova máxima semanal

Na minha previsão da manhã, concentrei-me no nível 1,2876 e planejei tomar decisões de negociação com base nele. Vamos dar uma olhada no gráfico de 5 minutos e analisar

Miroslaw Bawulski 20:53 2025-03-11 UTC+2

EUR/USD: Plano de Negociação para a Sessão dos E.U. de 11 de março (Revisão das Negociações da Manhã). O euro continuou a subir e atualizou sua alta semanal

Na minha previsão da manhã, foquei no nível de 1,0886 e planejei tomar decisões de negociação com base nele. Vamos dar uma olhada no gráfico de 5 minutos e analisar

Miroslaw Bawulski 20:43 2025-03-11 UTC+2

Como negociar o GBP/USD em 7 de março? Dicas simples e análise de negociação para iniciantes

O par GBP/USD também se estabilizou na quinta-feira. Não houve razões fundamentais ou macroeconômicas que justificassem a alta ou queda da libra esterlina ou do dólar americano

Paolo Greco 16:17 2025-03-07 UTC+2

GBP/USD: Plano de Negociação para a Sessão dos E.U.A de 18 de fevereiro (Revisão das Negociações da Manhã)

Em minha previsão matinal, foquei no nível 1,2627 como um ponto-chave para as decisões de entrada no mercado. Olhando para o gráfico de 5 minutos, o par se moveu mais

Miroslaw Bawulski 16:52 2025-02-18 UTC+2

GBP/USD: Plano de negociação para a sessão dos E.U.A. de 14 de fevereiro (revisão da negociação da manhã)

Na minha previsão da manhã, foquei no nível 1,2568 e planejei tomar decisões de negociação com base nele. Vamos dar uma olhada no gráfico de 5 minutos e analisar

Miroslaw Bawulski 22:05 2025-02-14 UTC+2

GBP/USD: Plano de negociação para a sessão dos E.U.A. de 13 de fevereiro (análise das negociações da manhã)

Na minha previsão da manhã, me concentrei no nível 1,2505 e planejei tomar decisões de negociação com base nele. Vamos examinar o gráfico de 5 minutos para

Miroslaw Bawulski 21:41 2025-02-13 UTC+2

EUR/USD: Plano de negociação para a sessão dos E.U.A. de 13 de fevereiro (análise das negociações da manhã)

Na minha previsão da manhã, concentrei-me no nível 1,0440 e planejei tomar decisões de negociação com base nele. Vamos examinar o gráfico de 5 minutos para ver o que aconteceu

Miroslaw Bawulski 20:03 2025-02-13 UTC+2

Recomendações e análise de negociação para o GBP/USD em 10 de fevereiro

O par GBP/USD voltou a se recuperar a partir de sua linha de tendência ascendente na sexta-feira, sugerindo uma possível continuação da tendência de alta. Na segunda-feira, o par sofreu

Paolo Greco 16:51 2025-02-10 UTC+2

Recomendações de negociação e análise de negociação para o EUR/USD em 10 de fevereiro

O par EUR/USD apresentou movimentos de preço consistentes na sexta-feira, embora o dólar norte-americano tenha se fortalecido no final do dia. No entanto, seus ganhos não foram expressivos

Paolo Greco 15:38 2025-02-10 UTC+2

GBP/USD: Plano de negociação para a sessão dos E.U.A. de 4 de fevereiro (análise das negociações da manhã)

Na minha previsão da manhã, concentrei-me no nível 1,2423 e planejei tomar decisões de negociação com base nele. Vamos analisar o gráfico de 5 minutos para entender o que aconteceu;

Miroslaw Bawulski 21:59 2025-02-04 UTC+2
Não pode falar agora?
Faça sua pergunta no 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.