This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!
Thursday high 1.3393, low 1.3332, pivot 1.3366, total pips : 59
1.3342, 1.3320, 1.3295, 1.3277
1.3364, 1.3391, 1.3421, 1.3448, 1.3487
06.00 Trade balance, Germany
1.3366 bounced by 10 pips, result : positive
1.3335 bounced by 10 pips, result : positive
Some more tips to trade the levels : keep a standard stop loss of 10 pips and manage this as per the dominant trend of the day / week. The important economic data should be considered for intraday trading. So please mind the data if price is close to your PO (pending orders) and data is not in your favor.