M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the EURUSD Forecast Today may continue the bullish momentum on h1 time frame, as EURUSD Forecast Today established character shift to the bullish side while closing above 1.17188 on h1 time frame. Meanwhile EURUSD Forecast Today formed the fresh support at 1.16824 on h1 time frame. In addition, m15 time frame remains aligned with the h1 bullish structure and trades above the last support at 1.16936. Meanwhile the m15 time frame hasn’t introduced any fresh support on m15 time frame, as the previous or pending support already tapped by the price. Moreover, a move above 1.17327 on m15 time frame, may confirm the fresh support on m15 time frame.
Support Zones
M15 Support Zone
Although the EURUSD Forecast Today trades in bullish structure on m15 time frame. Meanwhile the EURUSD Forecast Today hasn’t confirmed any fresh support yet, as the previous or pending support zones already tapped by the price. Therefore awaiting for the breakout confirmation.
H1 Support Zone
1.16824 – 1.16793
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.17049 – 1.17434
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.17507 – 1.17626
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price is likely to hold the bullish bias on h1 time frame. Therefore price trades above the recent support zone at 1.16988 on h1 time frame. Meanwhile a close below 1.16988 on h1 time frame. As a result price may secured the bearish bias and shape the fresh resistance at 1.17146 – 1.17187 on h1 time frame. On the other hand, acceptance below 1.16936 on m15 time frame, as the price may reinforce the bearish bias and confirm the fresh resistance at 1.17219 – 1.17232 on m15 time frame.
Nyc Session Outlook
Although the price could continue under the bullish bias on h1 time frame, until price stay above the latest support zone at 1.17168 on h1 time frame. Meanwhile price created the fresh support at 1.17226 on h1 time frame. In addition, the m15 time frame extending its bullish bias, while trading above the nearby support at 1.17168 on m15 time frame. As a result price formed the fresh support at 1.17190 on m15 time frame. Meanwhile, a decisive close above 1.17510 on m15 time frame, could confirm the fresh support at 1.17407 – 1.17380 on m15 time frame
Key Support & Resistance Zones
Support Zones
M15 Support Zone
1.17190 – 1.17168
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
1.17226 – 1.17168
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.17716 – 1.17761
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.17708 – 1.17757
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price may maintain the bullish momentum on h1 time frame. Therefore price operates above the latest support zone at 1.17168 on h1 time frame. However a define close below 1.17168 on h1 time frame. As a result price may tilt the momentum to the bearish side and could shape the fresh resistance at 1.17296 – 1.17327 on h1 time frame. In addition, a move below 1.17168 on m15 time frame, as the price would reinforce the bearish structure and may establish the fresh resistance at 1.17313 – 1.177327 on m15 time frame.
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
In addition, for daily EURUSD chart analysis refer my Forex Analysis EURUSD section