empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
05.07.2023 10:55 AM
EUR/USD and GBP/USD: Trading plan for beginners on July 5, 2023
Open trading account Open demo account

Details of the economic calendar on July 4

Yesterday there were no significant macroeconomic events on the calendar, and there was also a public holiday in the United States due to the celebration of Independence Day. As a result, trading volume decreased, leading to a decline in market volatility.

Analysis of trading charts from July 4

Despite the absence of the main player in the market, the EUR/USD currency pair continued to decline throughout the day. Although price changes were insignificant, they indicate a continuing corrective movement from the 1.1000 level.

The GBP/USD pair closed with a slight increase; however, this movement did not lead to significant changes in the price. The quote is still around the 1.2700 level, indicating a temporary stagnation.

This image is no longer relevant

Economic calendar for July 5

Today, the final data on business activity indices in the EU and the UK are expected to be published. If the data coincide with preliminary estimates, a minor market reaction should be expected. However, in case of significant divergence between actual data and forecasts, a speculative reaction in financial markets is possible. Such discrepancies can cause changes in traders' sentiment and affect trading decisions.

EUR/USD trading plan for July 5

In this situation, if the price continues to hold steady below the 1.0880 level, this could signal a potential increase in the volume of short positions. In this case, the current correction may be prolonged.

However, the alternative scenario suggests a price stagnation near the 1.0900 level without a clear direction. In this case, the market may be in a consolidation phase or waiting for new signals and influential factors that could affect the future direction of the price.

This image is no longer relevant

GBP/USD trading plan for July 5

In this situation, for the continuation of the growth of the volume of long positions, the quote should hold above the level of 1.2750. If this condition is met, a gradual recovery in the value of the pound sterling after the recent corrective movement may occur.

As for the downward scenario, if the price returns below 1.0650, it may lead to the activation of short positions and an update of the correction cycle's local low.

However, it is worth noting that market conditions can change, and it's important to follow current price movements and additional signals in order to make balanced decisions based on the latest information.

This image is no longer relevant

What's on the charts

The candlestick chart type is white and black graphic rectangles with lines above and below. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time frame: opening price, closing price, intraday high and low.

Horizontal levels are price coordinates, relative to which a price may stop or reverse its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price reversed in history. This color highlighting indicates horizontal lines that may put pressure on the asset's price in the future.

The up/down arrows are landmarks of the possible price direction in the future.

Gven Podolsky,
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
All Analytics
Technical analysis
EUR/USD and GBP/USD March 26 – Technical Analysis As the week begins, bearish players are trying to confirm and extend the prevailing downtrend, but they have yet to achieve strong results — The pair continues to stay close
Evangelos Poulakis
05:26 2025-03-26 +02:00
1315
Fundamental analysis
GBP/USD Pair Overview – March 26: The Pound Isn't Even Trying. Inertial Growth Continues The GBP/USD currency pair resumed its upward movement on Tuesday. It did so on a day when there were no significant events in the UK, and the only noteworthy report
Paolo Greco
03:40 2025-03-26 +02:00
1255
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • 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 March 26: The Pound Continues to Swing

The GBP/USD currency pair showed growth again on Tuesday. "Again," because recently, all movements of the British currency resemble a "swing" or a "roller coaster" – first up, then down
Paolo Greco 02:40 2025-03-26 UTC+2

Trading Recommendations and Analysis for EUR/USD on March 26: The Euro Continues Its Sluggish Decline

The EUR/USD currency pair traded with only minimal gains on Tuesday, but the overall trend on the hourly timeframe remains bearish following the price's exit from the ascending channel
Paolo Greco 02:40 2025-03-26 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 25th (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.2948 level and planned to make trading decisions from it. Let's look at the 5-minute chart and see what happened
Miroslaw Bawulski 18:15 2025-03-25 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 25th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.0779 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and examine what happened there
Miroslaw Bawulski 18:13 2025-03-25 UTC+2

How to Trade the EUR/USD Pair on March 25? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of EUR/USD The EUR/USD currency pair continued its weak downward movement on Monday. The dollar failed to show any significant gains
Paolo Greco 06:29 2025-03-25 UTC+2

How to Trade the GBP/USD Pair on March 25? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of GBP/USD The GBP/USD pair traded both up and down on Monday. The uptrend remains intact thanks to the ascending trendline, which has been
Paolo Greco 06:29 2025-03-25 UTC+2

Trading Recommendations and Analysis for GBP/USD on March 25: The Roller Coaster Continues

The GBP/USD currency pair managed to move both upward and downward on Monday. We can't say that these movements were triggered by macroeconomic data, because they weren't. The UK's business
Paolo Greco 02:41 2025-03-25 UTC+2

Trading Recommendations and Analysis for EUR/USD on March 25: The Dollar Strengthened Against the Odds

On Monday, the EUR/USD currency pair initially showed an upward move, followed by a decline, making the entire trading day somewhat contradictory. Volatility remained low despite the release
Paolo Greco 02:41 2025-03-25 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 24th (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.2968 and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened
Miroslaw Bawulski 16:05 2025-03-24 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 24th (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.0856 and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and see what
Miroslaw Bawulski 16:01 2025-03-24 UTC+2

Top analytics

Relevance up to 21:00 2025-03-26 UTC--4
EUR/USD Pair Overview – March 26: No News, No Movement
03:40 2025-03-26
Fundamental analysis
Relevance up to 21:00 2025-03-26 UTC--4
GBP/USD Pair Overview – March 26: The Pound Isn't Even Trying. Inertial Growth Continues
03:40 2025-03-26
Fundamental analysis
Relevance up to 23:00 2025-03-27 UTC--4
EUR/USD and GBP/USD March 26 – Technical Analysis
05:26 2025-03-26
Technical analysis
Relevance up to 21:00 2025-03-26 UTC--4
Trading Recommendations and Analysis for GBP/USD on March 26: The Pound Continues to Swing
03:40 2025-03-26
Trading plan
Relevance up to 21:00 2025-03-26 UTC--4
Trading Recommendations and Analysis for EUR/USD on March 26: The Euro Continues Its Sluggish Decline
03:40 2025-03-26
Trading plan
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.