Analysis of Macroeconomic Reports:

One macroeconomic report is scheduled for Monday. The Ifo business climate index will be released in Germany. It goes without saying that this is an entirely secondary report, and the market has been ignoring global fundamental factors and significant macroeconomic reports in recent weeks. Therefore, the macroeconomic backdrop is expected to be extremely weak today.

Analysis of Fundamental Events:

No fundamental events are scheduled for Monday either. Even the European Central Bank and Federal Reserve meetings planned for this week are generating little interest. It is evident to all traders that the U.S. central bank will lower the key interest rate by 0.25%, while the European one will keep its monetary policy unchanged. Thus, both meetings are likely to be "non-events." Although Jerome Powell's important announcements may still be anticipated amid the ongoing U.S. shutdown, it remains unclear when the missing labor and unemployment statistics will be published. No significant statements can be expected from Christine Lagarde.

General Conclusions:

During the first trading day of the week, both currency pairs may trade very weakly and chaotically again. The euro has a suitable trading area between 1.1655 and 1.1666, where both long and short positions can be considered. The British pound is trading around 1.3329-1.3331, which is also a trading range. However, most signals are not currently leading to the achievement of target levels, as market volatility remains very weak.

Key Principles of My Analysis:

1. The strength of a signal is determined by the time it takes to form the signal (bounce or breakout level). The shorter the time, the stronger the signal.
2. If two or more trades were opened near any level based on false signals, all subsequent signals from that level should be ignored.
3. In a sideways market, any pair can generate many false signals or none at all. In any case, at the first signs of a sideways trend, it is advisable to stop trading.
4. Trades should be opened during the period between the start of the European session and midway through the American session, and all trades should be closed manually thereafter.
5. On the hourly timeframe, it is preferable to trade MACD signals only when volatility is high and a trendline or channel supports the trend.
6. If two levels are too close together (5 to 20 pips), consider them a support or resistance zone.
7. If the price moves 15-20 pips in the correct direction, adjust the Stop Loss to breakeven.

What's on the Charts:

Support and Resistance Levels: These levels serve as targets when opening buy or sell positions. Take Profit levels can be placed around these areas.

Red Lines: These represent channels or trend lines that illustrate the current trend and indicate the preferred trading direction.

MACD Indicator (14,22,3): This consists of a histogram and a signal line; it is a supplementary indicator that can also be used as a source of signals.

Important speeches and reports (always included in the news calendar) can significantly impact the movement of currency pairs. Therefore, during their release times, it is crucial to trade with caution or exit the market to avoid sharp reversals against previous movements.

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