empty
05.05.2025 04:15 AM
How to Trade the EUR/USD Pair on May 5? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades

1H Chart of EUR/USD

This image is no longer relevant

On Friday, the EUR/USD currency pair continued to trade within the sideways channel between 1.1275 and 1.1424. In principle, there is little to add, as the macroeconomic background was again ignored, and the movements were erratic and chaotic. Nothing changed in the market on Friday. The only notable point is the rebound from the 1.1275 level, which we had previously highlighted. This level marks the lower boundary of the sideways channel, so a bounce from it was expected to trigger an upward movement. However, no strong growth followed, as the U.S. labor market and unemployment data came out better than expected. NonFarm Payrolls for April amounted to 177,000 compared to a forecast of 130,000. The unemployment rate remained unchanged at 4.2%. There was, however, a slight blemish: the March NFP figure was revised down from 228,000 to 185,000. The data package turned out to be neutral, although the dollar had been bracing for worse figures.

5M Chart of EUR/USD

This image is no longer relevant

No valid trading signals were formed on Friday in the 5-minute timeframe. First, the market has remained in a range for over three weeks. Second, price action remains chaotic. Price is not responding to technical levels, and the market ignores macroeconomic data. Therefore, expecting quality signals remains difficult. While isolated trading days may offer entry opportunities, Friday was not one of them.

Trading Strategy for Monday:

The EUR/USD pair maintains a bullish trend on the hourly timeframe. Excluding the movements at the beginning of last week, the market has been in a sideways range near the highs for three weeks. Market sentiment remains extremely negative toward the U.S. dollar and U.S.-related developments. However, if Trump shifts toward de-escalating the trade conflict he initiated, the dollar may regain some strength. When or if that happens remains unknown.

On Monday, the pair could move in either direction again, as all market activity still hinges on Trump's statements and decisions. Since there has been little news from Trump recently, we believe the sideways movement will likely continue. A rebound from the lower boundary of the range (1.1275) could lead to a new upward movement.

On the 5-minute timeframe, the following levels should be monitored: 1.0940–1.0952, 1.1011, 1.1091, 1.1132–1.1140, 1.1189–1.1191, 1.1275–1.1292, 1.1330, 1.1413–1.1424, 1.1474–1.1481, 1.1513, 1.1548, 1.1571, 1.1607–1.1622, 1.1666, 1.1689. No significant events are scheduled in the Eurozone on Monday, and in the U.S., only the ISM Services PMI will be released. As we have already seen, the market barely reacts to macroeconomic data.

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.

Summary
Urgency
Analytic
Stanislav Polyanskiy
Start trade
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

Idea de negociación del oro a la baja

Después de una fuerte iniciativa bajista de dos días, el instrumento pasó a una corrección alcista y en este momento está testeando la zona de ruptura bajista, desde la cual

Andrey Shevchenko 11:36 2025-07-18 UTC+2

GBP/USD plan para la sesión europea del 18 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra esterlina se recuperó ligeramente

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 07:50 2025-07-18 UTC+2

EUR/USD plan para la sesión europea del 18 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro rebotó desde el mínimo semanal

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 07:50 2025-07-18 UTC+2

Cómo operar el par GBP/USD el 18 de julio. Consejos simples y análisis de operaciones para principiantes.

Análisis de operaciones del jueves: El par GBP/USD el jueves también se negoció con una volatilidad mínima. Por extraño que parezca, ayer hubo bastantes datos interesantes tanto para la libra

Paolo Greco 07:50 2025-07-18 UTC+2

Cómo operar el par EUR/USD el 18 de julio. Consejos simples y análisis de operaciones para principiantes.

El par EUR/USD el jueves se negoció prácticamente en flat y con una volatilidad muy baja (alrededor de 50 puntos). Después de la tormenta del miércoles por la noche, provocada

Paolo Greco 07:50 2025-07-18 UTC+2

GBP/USD plan para la sesión europea del 17 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra esterlina tuvo mucha suerte

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 1.3376

Miroslaw Bawulski 07:19 2025-07-17 UTC+2

EUR/USD plan para la sesión europea del 17 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La presión sobre el jefe de la Fed de EE. UU. afecta negativamente al dólar

EUR/USD plan para la sesión europea del 17 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La presión sobre el jefe

Miroslaw Bawulski 07:19 2025-07-17 UTC+2

Cómo operar con el par EUR/USD el 16 de julio. Consejos simples y análisis de operaciones para principiantes.

El par de divisas EUR/USD se desplomó bruscamente el martes en medio del informe sobre la inflación estadounidense. Como se suele decir, nada presagiaba el problema. Durante varios días consecutivos

Paolo Greco 07:54 2025-07-16 UTC+2

GBP/USD plan para la sesión europea del 16 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). Con la libra esterlina todo va mal

Ayer solo se formó un punto de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos qué ocurrió. En mi pronóstico de la mañana presté atención al nivel

Miroslaw Bawulski 07:54 2025-07-16 UTC+2

EUR/USD plan para la sesión europea del 15 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La inflación en EE.UU. aumentó

Ayer no llegué a ver condiciones adecuadas para entrar al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico de la mañana, presté atención

Miroslaw Bawulski 07:54 2025-07-16 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.