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10.04.2025 07:44 AM
Intraday Strategies for Beginner Traders on April 10

The Euro and Pound managed to withstand renewed pressure from sellers and even slightly recovered their positions during today's Asian trading session.

Yesterday, Donald Trump announced a 90-day tariff pause, which led to a sharp strengthening of the U.S. dollar and a decline in several risk assets on the currency market. This move appears to be an attempt to stabilize the global economy and the U.S. stock market amid rising uncertainty. However, the effect of this decision may be temporary unless more long-term and structural measures follow it. The market reacted immediately, with a surge of optimism, as investors, exhausted by the ongoing trade wars, saw a glimmer of hope for de-escalation.

Nonetheless, many experts warn that 90 days is insufficient to fully restore trust or resolve the structural issues in global trade. Negotiations and comprehensive trade agreements are needed to ensure sustainable economic growth in the long term. The tariff pause is merely a first, albeit important, step in this direction.

Yesterday's FOMC meeting minutes had little impact on the markets, as traders found nothing fundamentally new in the document. Market participants already priced in expectations for continued interest rate holds and internal discussions on the future inflation outlook.

This morning, the only notable data includes Italy's industrial production figures and the Bundesbank's monthly report. These indicators typically don't move the markets significantly, but they will be watched closely in the current environment of heightened volatility and economic instability. Investors' nervousness may amplify their influence, with many looking for signs of a slowdown in the U.S. and European economies. Positive figures could temporarily support the euro, while disappointing results may weigh on it.

If the data meets economists' expectations, following the Mean Reversion strategy is best. The Momentum strategy is recommended if the data significantly exceeds or falls short of expectations.

Momentum Strategy (Breakout):

EUR/USD

Buy on a breakout above 1.1019, targeting 1.1093 and 1.1143.

Sell on a breakout below 1.0946, targeting 1.0894 and 1.0845.

GBP/USD

Buy on a breakout above 1.2871, targeting 1.2929 and 1.2986.

Sell on a breakout below 1.2806, targeting 1.2744 and 1.2695.

USD/JPY

Buy on a breakout above 146.78, targeting 147.18 and 147.52.

Sell on a breakout below 146.49, targeting 146.22 and 145.93.

Mean Reversion Strategy (Pullbacks):

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EUR/USD

Look for shorts after a failed breakout above 1.1009, returning below that level.

Look for longs after a failed breakout below 1.0948, returning above that level.

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GBP/USD

Look for shorts after a failed breakout above 1.2869, returning below.

Look for longs after a failed breakout below 1.2812, returning above.

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AUD/USD

Look for shorts after a failed breakout above 0.6214, returning below.

Look for longs after a failed breakout below 0.6092, returning above.

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USD/CAD

Look for shorts after a failed breakout above 1.4129, returning below.

Look for longs after a failed breakout below 1.4056, returning above.

Miroslaw Bawulski,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2025
EURUSD
Euro vs US Dollar
Summary
غیر جانبدار
Urgency
1 دن
Analytic
Maxim Magdalinin
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