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03.04.202613:27 Forex Analysis & Reviews: EUR/USD: Tips for Beginner Traders on April 3rd (U.S. Session)

Relevance up to 06:00 2026-04-04 UTC--4

Trade analysis and trading advice for the euro

Due to low market volatility, the levels I outlined were not tested in the first half of the day, so I did not enter any trades.

Before the opening of the U.S. trading session, all investors' attention is focused on the upcoming release of key macroeconomic data, which is expected to significantly influence the dollar's position. In particular, a report reflecting changes in U.S. nonfarm employment is scheduled for release. Figures exceeding forecasts may indicate a steady economic recovery, which would reduce pressure on the Federal Reserve. Among other important releases are unemployment data, another key indicator of labor market health. A decline in unemployment is usually interpreted as a positive trend, indicating high employment levels and strong demand for labor. Finally, the March PMI for the services sector will help assess the current state of the largest sector of the U.S. economy. If this indicator shows positive dynamics and exceeds the 50-point mark, it will indicate an expansion of business activity in this sector, which would support the U.S. dollar.

As for the intraday strategy, I will rely more on the implementation of Scenarios No. 1 and No. 2.

Exchange Rates 03.04.2026 analysis

Buy Signal

Scenario No. 1: Today, buying the euro is possible when the price reaches around 1.1554 (green line on the chart), with a target of growth to 1.1576. At 1.1576, I plan to exit the market and also sell the euro in the opposite direction, expecting a move of 30–35 points from the entry level. You can only expect euro growth today after weak U.S. labor market data.Important! Before buying, make sure that the MACD indicator is above the zero line and just starting to rise from it.

Scenario No. 2: I also plan to buy the euro today if there are two consecutive tests of the 1.1535 price level at a time when the MACD indicator is in the oversold zone. This will limit the pair's downward potential and lead to a reversal upward. Growth toward the opposite levels of 1.1554 and 1.1576 can be expected.

Sell Signal

Scenario No. 1: I plan to sell the euro after the price reaches 1.1535 (red line on the chart). The target will be 1.1500, where I intend to exit the market and immediately buy in the opposite direction (expecting a 20–25 point move upward from that level). Pressure on the pair may return at any moment.Important! Before selling, make sure that the MACD indicator is below the zero line and just starting to decline from it.

Scenario No. 2: I also plan to sell the euro today if there are two consecutive tests of the 1.1554 level at a time when the MACD indicator is in the overbought zone. This will limit the pair's upward potential and lead to a reversal downward. A decline toward the opposite levels of 1.1535 and 1.1500 can be expected.

Exchange Rates 03.04.2026 analysis

What's on the chart:

  • Thin green line – entry price for buying the trading instrument
  • Thick green line – estimated level to place Take Profit or lock in profits, as further growth above this level is unlikely
  • Thin red line – entry price for selling the trading instrument
  • Thick red line – estimated level to place Take Profit or lock in profits, as further decline below this level is unlikely
  • MACD indicator – when entering the market, it is important to consider overbought and oversold zones

Important

Beginner Forex traders should make market entry decisions very carefully. Before the release of major fundamental reports, it is best to stay out of the market to avoid sharp price fluctuations. If you decide to trade during news releases, always place stop-loss orders to minimize losses. Without stop-losses, you can very quickly lose your entire deposit—especially if you do not use proper money management and trade with large volumes.

Remember that successful trading requires a clear trading plan, like the one outlined above. Spontaneous trading decisions based on current market conditions are inherently a losing strategy for intraday traders.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Jakub Novak,
Analytical expert of InstaSpot
© 2007-2026
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