Analysis of Macroeconomic Reports:

No macroeconomic events are scheduled for Monday, which means traders will have no specific developments to react to. However, the decline in both currency pairs may continue, influenced by last Friday's U.S. data. It's worth noting that the NonFarm Payrolls report for December significantly exceeded expectations, as did the unemployment rate report. The other two reports—wage growth and the consumer sentiment index—were less significant.

Analysis of Fundamental Events:

The only noteworthy fundamental event on Monday is a speech by European Central Bank Chief Economist Philip Lane. This event is of interest because Lane may comment on the latest inflation report in the Eurozone and provide his forecasts for inflation in 2025, along with potential changes to monetary policy for that year. However, since December's inflation report did not yield significant results, there may be little for him to address.

General Conclusions:

On the first trading day of the week, traders can expect calm and measured movements from both currency pairs. No significant news is anticipated—unless Donald Trump generates market volatility with another set of "grandiose plans." However, the market has become accustomed to Trump's statements, often taking them with skepticism. Therefore, we do not expect any substantial price changes on Monday.

Key Rules for the Trading System:

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 15–20 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.