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11.08.202605:25 Forex Analysis & Reviews: How to Trade the EUR/USD Currency Pair on August 11? Simple Tips and Trade Analysis for Beginners

Review of Monday's Trades:

1H Chart of the EUR/USD Pair

The EUR/USD currency pair slightly decreased during Monday's trading, but overall movement was minimal. Additionally, no significant reports were released, and no important events occurred during the day. Only the flow of geopolitical news continues to come in a continuous stream. However, the market justifiably ignores most of this news. Iran and Oman have been negotiating the reopening of the Strait of Hormuz and are close to a deal. But what is the point of this deal if Tehran does not open the strait unless the US meets a series of conditions it will not fulfill? We receive a multitude of such news every day. Donald Trump continues to both speak about the agreement and the reopening of the strait, while also threatening Iran with new strikes. According to unconfirmed reports, the leader of the White House wants to end the war as quickly as possible and is even ready to abandon nuclear claims against Iran. However, this does not mean the conflict will be resolved soon, as Iran is now asserting its rights and demanding maximum concessions.

5M Chart of the EUR/USD Pair

No trading signals were formed on the 5-minute timeframe on Monday, as volatility was minimal throughout the day and the price did not even approach technical levels or zones. There were no grounds for novice traders to open trading positions.

How to Trade on Tuesday:

On the hourly timeframe, the price has left the sideways channel it spent a month in and continues to form a new upward trend. Taking into account all the events of the past few months, we believe that the euro should continue its steady growth. In recent months, the market has consistently ignored many factors in favor of the euro, so we continue to expect upward movement for the euro, as it is undervalued.

On Tuesday, novice traders may open short positions targeting 1.1461–1.1474 if the price consolidates below the 1.1527–1.1531 area. Long positions can be opened in the event of a rebound from the 1.1527–1.1531 area with a target of 1.1584–1.1594.

On the 5-minute timeframe, consider the levels 1.1267–1.1275, 1.1366–1.1377, 1.1461–1.1474, 1.1527–1.1531, 1.1584–1.1594, 1.1655–1.1666, 1.1745–1.1754. On Tuesday, no important events or publications are scheduled in the EU or the US. Therefore, there will once again be nothing to react to during the day, so volatility is likely to remain low again.

Main Rules of the Trading System:

1. The strength of the signal is determined by the time it takes to form the signal (bounce or level breakthrough). The less time required, the stronger the signal.
2. If two or more trades are opened around a level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat, any pair can generate a multitude of false signals or none at all. Technical levels may be disregarded.
4. When trading based on MACD signals on the hourly timeframe, it is advisable to do so only when volatility is high and a trend line or channel supports the trend.
5. If two levels are too close to each other (from 5 to 20 pips), they should be regarded as a support or resistance area.
6. After a 15-pip move in the correct direction, a Stop Loss should be set to break even.

What the Charts Show:

Support and resistance price levels (areas) are the targets when opening buy or sell orders or sources of signals.

Red lines denote channels or trend lines that reflect the current trend and indicate in which direction trading is currently favored.

The MACD indicator (14,22,3) – histogram and signal line – is a supporting indicator that can also be used as a source of signals.

Important speeches and reports (as listed in the news calendar) can significantly influence the movement of the currency pair. Therefore, during their release, trading should be approached with utmost caution, or one should exit the market to avoid sharp price reversals against the preceding movement.

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

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

Paolo Greco,
Analytical expert of InstaSpot
© 2007-2026

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