EUR/USD Intraday Chart Analysis | Euro Dollar Intraday Trading Levels

EUR/USD Intraday Support and Resistance Levels | Euro US Dollar Intraday Trading Signals | Pivot-Points

Intraday Support/ Resistance levels | Intraday Trading Setups | Pivot Points 

Euro US Dollar Intraday Trading Chart Levels

The Pivot Points (Daily Pivot, Daily S1 and Daily R1) were important intraday Support and Resistance levels.

At 10:45 a.m. GMT market tested the daily Support 1. With the beginning of the new hourly candle at 11 a.m. the Euro tested the daily S1 again and market closed at this support level before breaking it for a short shakeout (Breakout Trading/Timing with new candle-red circle). The same pattern approached at 4:25 p.m. at the daily R1. 

The Euro formed a Continuation pattern at the daily Pivot before 2 p.m. (green ellipse) and market broke it with the new hourly candle. The breakout candle at 2:10 p.m. got confirmed due to the higher close of the succeeding candle above the high of the breakout candle.

The EUR/USD touched and successfully broke the daily R1 intraday Resistance. The confirmation of the breakout through the daily R1 led to a change from its role of resistance to support. The changing role from  resistance to support of the daily R 1 can be seen after 3 p.m..

The continuation pattern at 4 p.m.(green circle) led to an unconfirmed breakout through the daily R1 after the 5 min candle at 4:25 p.m. closed at the daily R1 (red circle).

5 min Euro Intraday Trading Levels

Read the Chart Legend above and the pages: Chart pattern explanation, Chart patterns explained, Chart pattern analysis and Candlestick Chart patterns  to get more information about the underlying Chart and Trading Patterns/Signals/Strategies

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