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28.05.202606:53 Forex Analysis & Reviews: How to Trade the EUR/USD Currency Pair on May 28? Simple Tips and Trade Analysis for Beginners

Relevance up to 23:00 2026-05-28 UTC--4

Trade Analysis for Wednesday:

1H Chart of the EUR/USD Pair

Exchange Rates 28.05.2026 analysis

The EUR/USD currency pair traded again on Wednesday with low volatility, mostly sideways, with no macroeconomic or fundamental backdrop. There were no geopolitical events throughout the day. Thus, the almost complete immobilization of the currency pair is easily explained. After a 200-pip drop, the euro has not recovered and has been trading between 1.1584 and 1.1666 for more than a week. Therefore, low volatility and lack of movement are further compounded by a flat market. The U.S. dollar has no strong reasons for further growth, as despite a number of unpleasant statements from Iran this week and the breach of the ceasefire on Tuesday in the Strait of Hormuz, negotiations are ongoing, and Donald Trump still hopes to sign a memorandum. However, when that will happen, given all the circumstances, is unknown. Thus, the market is simply waiting.

5M Chart of the EUR/USD Pair

Exchange Rates 28.05.2026 analysis

In the 5-minute timeframe on Wednesday, exactly one sell trade signal was generated. Moreover, it was quite good. At the beginning of the American trading session, the pair bounced from the area of 1.1655-1.1666, which can be considered the upper boundary of the flat, and fell about 15 pips by the end of the day. Since it is currently a flat market, the decline may continue today towards the area of 1.1584-1.1591.

How to Trade on Thursday:

On the hourly timeframe, the euro has been in correction for a whole month. The growth of the American currency has resumed, as the conflict in the Middle East was on the brink of escalation last week, but we still do not expect a prolonged rise in the American currency. The market continues to mostly ignore fundamentals and macroeconomics, while geopolitics swings the EUR/USD pair up and down.

On Thursday, novice traders may remain in short positions with a target of 1.1584-1.1591, as the price bounced from the area of 1.1655-1.1666 as early as Monday, and then again on Wednesday. New long positions can be considered if the price bounces from the area of 1.1584-1.1591, with a target of 1.1655-1.1666.

On the 5-minute timeframe, levels to consider are 1.1354-1.1363, 1.1413, 1.1455-1.1474, 1.1527-1.1531, 1.1584-1.1591, 1.1655-1.1666, 1.1745-1.1754, 1.1830-1.1837, and 1.1899-1.1908. On Thursday, Christine Lagarde will give a speech in the European Union, and in the U.S., reports on durable goods orders, personal income, and consumer spending, as well as the PCE index, will be released. A slight reaction to this data may follow, but it is unlikely to lead to the end of the flat market.

Main Rules of the Trading System:

  1. The strength of the signal is determined by the time it took to form the signal (bounce or breakout of the level). The less time it took, the stronger the signal.
  2. If two or more trades were opened near any level based on false signals, all subsequent signals from this level should be ignored.
  3. In a flat market, any pair can generate many false signals or none at all. Technical levels may be ignored.
  4. On the hourly timeframe, it is preferable to trade signals from the MACD indicator only in the presence of good volatility and a trend that is confirmed by a trend line or trend channel.
  5. If two levels are too close together (5-20 pips apart), treat them as a support or resistance zone.
  6. After a move of 15 pips in the right direction, a Stop Loss should be set to breakeven.

What is on the Charts:

Price levels (areas) of support and resistance – levels that are targets when opening purchases or sales, or sources of signals.

Red lines – channels or trend lines that display the current trend and indicate which direction is preferable to trade now.

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

Important speeches and reports (contained in the news calendar) can significantly influence the movement of the currency pair. Therefore, during their release, trading should be done as cautiously as possible, or one should exit the market to avoid a sharp price reversal against the preceding movement.

Beginners trading in the Forex market should remember that not every trade can be profitable. Developing a clear strategy and effective money management are key to long-term trading success.

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

Paolo Greco,
Analytical expert of InstaSpot
© 2007-2026
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