Have a look at the chart to know the levels to watch out for as far as EURUSD is concerned, on an intra-day basis. I do understand that these are quite a few levels, but when you are trading intra-day, you are looking for only 20-30 pips moves per trade and these levels should be fine for that. Some of these levels are more important than the others. Once you develop a plan for yourself, you can easily conclude whether the price would stop at a level or would go on to the next level and you can then trade accordingly.
These levels were drawn by me many days back and you can see how these levels have been respected on Friday and today, so far. I have shown the levels on a 4H chart so that all the levels can be seen clearly.
As for my outlook today, i would expect EURUSD to have a bearish day today and test the 1.3490s level today. Of course, things could change during the course of the day and as traders, we need to be nimble to switch sides based on what we see. Dont be stubborn to hold on to your positions thinking 'this has to go down cos so-and-so said so' or 'this has to go up cos so-and-so indicator shows that'. Be nimble, have tight stops.
