M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the EURUSD Forecast Today is likely to maintain its bearish bias on h1 time frame. Therefore EURUSD Forecast Today operates below the near by resistance at 1.17165 on h1 time frame. However EURUSD Forecast Today confirmed the fresh resistance at 1.17107 on h1 time frame. In addition, m15 time frame following the h1 bearish bias and trading below the latest resistance at 1.17165 on m15 time frame. Meanwhile EURUSD Forecast Today confirmed the breakdown of the structure on both the time frame m15 and h1, exposed the fresh resistance on both the time frame at 1.17107 on m15 and h1 both the time frame.
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
1.17107 – 1.17165
Fresh Supply Zone
Multi Time Frame Alignment Zone
Support Zones
M15 Support Zone
1.16714 – 1.16698
Pending Demand Zone
Short Term Support Base
H1 Support Zone
1.15545 – 1.15463
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
However the price may carry on the bearish momentum on h1. Meanwhile the price hovers below the near by resistance at 1.17165 on h1. Therefore a finish above 1.17165 on h1. As a result price may indicate the change of bias to bullish side and could confirm the fresh support at 1.16823 – 1.16794 on h1 time frame. Moreover, a close above 1.17165 on m15. Meanwhile the price could signal the character shift to teh bullish sand may establish the fresh support at 1.16817 – 1.16794 on m15. In addition, acceptance below 1.16693 on m15, price wold confirm the continuation of bearish bias and amy from the fresh resistance at 1.16958 – 1.16999 on m15.
Nyc session Outlook
Meanwhile the price may carry on the bearish structure on h1 time frame. Therefore the price remain below at 1.17165 on h1 time frame. However the price remain aligned with the previous resistanace zone on h1 time frame. In addition the m15 time frame validates the bullish momentum, as the price closes above at 1.16961 on m15 time frame. As a result price shaped the fresh support zone at 1.16852 on m15 time frame.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
1.17220 – 1.17241
Pending Supply Zone
Short Term Resistnace Zone
H1 Resistance Zone
1.17555 – 1.17593
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
1.16852 – 1.16842
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
1.15545 – 1.15463
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may continue the bearish momentum on h1. Therefore the price trades below the recent resistance at 1.17165 on h1. In addition, a move above 1.17165 on h1. As a result price coukd indicate the change of character to the bullish side and may confirm the fresh support at 1.16823 – 1.16794 on h1 time frame. On the other hand, acceptance below 1.16842 on m15. However the price may signal the momentum shift to the bearish side and could establish the fresh resistance at 1.16917 – 1.16961 on m15.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
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
In addition, for daily EURUSD chart analysis refer my Forex Analysis EURUSD section