empty
30.05.2025 06:37 AM
How to Trade the EUR/USD Pair on May 30? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades

1H Chart of EUR/USD

This image is no longer relevant

The EUR/USD currency pair started Thursday with a sharp collapse but spent the rest of the day trading with strong growth. Explaining the pair's movements on Thursday is quite difficult, but we'll attempt to do so. Overnight (when the dollar sharply strengthened), it became known that the U.S. Court of International Trade ruled to cancel most of the tariffs introduced by Donald Trump. The Manhattan court determined that the president had no rights or authority for such actions. Only Congress can impose global trade tariffs. This news caused the dollar's rise. Why did it start falling sharply afterward? Because Trump immediately began pressuring the court, announced that he would file an appeal, and threatened to take the case to the U.S. Supreme Court. By the evening, the Manhattan court suspended its decision for 14 days. Just like that, Trump resolved the issue quickly and easily. The trade war continues, the tariffs remain in place, so the dollar collapsed again.

5M Chart of EUR/USD

This image is no longer relevant

Two very good trading signals were formed on Thursday's 5-minute timeframe. During the entire European trading session, the pair tried to break through the 1.1267-1.1292 area, and at the start of the American session, it finally succeeded. A strong rally followed, ending only above the 1.1354-1.1363 area. It was possible to close long positions there. The profit amounted to at least 60–70 pips.

Trading Strategy for Friday:

In the hourly timeframe, the EUR/USD pair has broken through the ascending trendline, but the uptrend that began as soon as Trump became president could very well continue. In principle, the fact that Trump is the U.S. president is already sufficient reason for the market to flee from the dollar without hesitation. If Trump again starts threatening, issuing ultimatums, and imposing/raising tariffs, the market will have few options. Trump's tariffs have not yet been overturned, so the trade war situation remains unchanged.

On Thursday, the EUR/USD pair might resume a downward correction now that the trendline has been broken. At the same time, the dollar has no strong reasons for significant growth.

For the 5-minute timeframe, the following levels should be considered: 1.0940-1.0952, 1.1011, 1.1088, 1.1132-1.1140, 1.1198-1.1218, 1.1267-1.1292, 1.1354-1.1363, 1.1413-1.1424, 1.1474-1.1481, 1.1513, 1.1548, 1.1571, 1.1607-1.1622.

Germany is scheduled to release reports on retail sales and inflation for May on Friday. In the current circumstances, these are secondary reports. Similarly, secondary reports will be released in the U.S., such as the Personal Consumption Expenditures (PCE) Price Index, personal income/spending of American consumers, and the University of Michigan Consumer Sentiment Index.

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,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations and Analysis for GBP/USD on June 12: The Pound Finds a New Reason to Cheer

On Wednesday, the GBP/USD currency pair resumed its upward movement. As previously noted, the British currency currently has no valid reason to decline against the U.S. dollar—specifically, against the U.S

Paolo Greco 04:00 2025-06-12 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 12: Even Inflation Didn't Please the Dollar

The EUR/USD currency pair traded very differently throughout Wednesday. During the European trading session, the pair continued its sideways movement, which had persisted for several days. There was no macroeconomic

Paolo Greco 03:55 2025-06-12 UTC+2

GBP/USD: Trading Plan for the U.S. Session on June 11th (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.3483 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:41 2025-06-11 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 11th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.1425 level and planned to make entry decisions based on it. Let's look at the 5-minute chart and examine what happened. The price

Miroslaw Bawulski 18:38 2025-06-11 UTC+2

How to Trade the GBP/USD Pair on June 11? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair traded with a downward bias, which was justified by a few factors. First, the pair consolidated below

Paolo Greco 06:10 2025-06-11 UTC+2

How to Trade the EUR/USD Pair on June 11? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair again showed no intention of actively trading. Over the past three days, a sideways channel

Paolo Greco 06:10 2025-06-11 UTC+2

Trading Recommendations and Analysis for GBP/USD on June 11: The Pound Pauses Before a New Surge

The GBP/USD currency pair continued trading rather chaotically on Tuesday but with a bearish tone. The British pound at least slightly declined after the trend shifted downward. Recall that

Paolo Greco 03:31 2025-06-11 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 11: Flat Movement at Highs

The EUR/USD currency pair continued to move in both directions throughout Tuesday. These movements indicate a flat market. Let us recall that earlier, the pair broke through the ascending trend

Paolo Greco 03:31 2025-06-11 UTC+2

GBP/USD: Trading Plan for the U.S. Session on June 10th (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.3545 level and planned to base market entry decisions on it. Let's look at the 5-minute chart to see what happened

Miroslaw Bawulski 18:26 2025-06-10 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 10th (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.1388 and planned to make market entry decisions based on it. Let's take a look at the 5-minute chart

Miroslaw Bawulski 18:22 2025-06-10 UTC+2
Can't speak right now?
Ask your question in the 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.