M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the buyers are controlling the higher time frame h1. Meanwhile a close below 1.15573 on h1 time frame. As a result the EURUSD Forecast Today may confirm the character shift towards the bearish side. In addition, the m15 time frame trades in the bearish structure. As a result the EURUSD Forecast Today holds the last resistance at 1.16394. Moreover, the EURUSD Forecast Today hasn’t established any fresh supply zone on m15 time frame. Meanwhile awaiting for the new structure.
Support Zones
M15 Support Zone
1.15556 – 1.15460
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.15349 – 1.15248
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
1.16596 – 1.16673
Pending Supply Zone
Probable Supply Region
H1 Resistance Zone
1.16513 – 1.16664
Pending Supply Zone
Higher Time Frame Resistance Area
Session Strategy
Although the structure favors the buyers on h1. As a result the EURUSD Forecast Today holds the 1.15248 support on h1 time frame. Meanwhile, a break above 1.16305 on m15 time frame. As a result, the price could establish the change of character on m15, while forming the fresh support at 1.15890 at . On the other hand, reclaiming the 1.16394 on h1, the EURUSD Forecast Today could expose the fresh support at 1.15760 on h1 time frame. Moreover, a decisive close below 1.15573 on h1 time frame. As a result the EURUSD Forecast Today may confirm the change of character towards the bearish side, while establishing the fresh resistance at 1.16087. Until 1.15573 remains intact, the upside momentum continues.
Nyc Session Outlook
Although the buyers are dominating the EURUSD Forecast Today structure on h1 time frame, as the price holds the the support at 1.15248 on h1. Meanwhile the price trades in consolidation on m15 time frame, but the structure remain bearish on m15 time frame. In addition the price hasn’t established any fresh supply zone on m15. Therefore, a break below 1.15763 on h1 time, may confirm character shift towards the bearish side.
Key Support & Resistance Zones
Support Zones
M15 Support Zone
1.15556 – 1.15460
Pending Demand Zone
Short Term Intraday Support Base
H1 Support Zone
1.15349 – 1.15248
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
1.16596 – 1.16673
Pending Supply Zone
Probable Supply Region
H1 Resistance Zone
1.16513 – 1.16664
Pending Supply Zone
Higher Time Frame Resistance Area
Session Strategy
Although the price may remains in bullish structure on h1 time frame. Meanwhile the price hasn’t established any fresh support zone on h1 time frame. On the other hand, the m15 hasn’t established fresh resistance on m15. Therefore the price trades in consolidation on m15, a close below 1.15579 on m15, could establish the fresh resistance on m15. In addition, a closing below 1.15763 on h1, could confirm the character shift, while establishing the fresh resistance at 1.16080
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. Therefore it does not constitute financial advice. However always manage your risk and trade responsibly.
Moreover, check out my previous EURUSD Forecast
For daily EURUSD chart analysis refer my Forex Analysis EURUSD section