M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
EURUSD Forecast Today may maintain the yesterday’s bullish momentum, as EURUSD Forecast Today respects the last support at 1.17222 on h1. Meanwhile the EURUSD Forecast Today is yet to to confirm the fresh support on h1, as the prior fresh support already tested by the price. On the other hand, m15 trades under the bullish bias, while defending the recent support at 1.17222 on m15. However the EURUSD Forecast Today hasn’t confirmed any fresh support yet. Meanwhile the fresh support at 1.17245 on m15, already tapped by the price. Therefore awaiting for the fresh breakout on m15 and h1 both the time frame. Although the pending zone on both the time frame would remain active and valid.
Support Zones
M15 Support Zone
1.16918 – 1.16820
Pending Demand Zone
Short Term Support Base
H1 Support Zone
1.16900 – 1.16820
Pending Demand Zone
Higher Time Frame Resistance Region
Resistance Zones
M15 Resistance Zone
1.17816 – 1.17823
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.17708 – 1.17757
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price is expected to remain under the bullish bias on h1 time frame. Meanwhile the price operates above the recent support at 1.17222 on h1 time frame. Therefore a decisive close below 1.17222 on h1 time frame. As a result price may shift the momentum to the bearish side and may setup the fresh resistance at 1.17286 – 1.17357 on h1 time frame. In addition, break below 1.17222 on m15 time frame. As a result price may tilt the short the term bias to the bearish side and develop the fresh resistance at 1.17318 – 1.17357 on m15 time frame.
Nyc Session Outlook
However the price may continue to respect the bullish structure on h1 time frame. Therefore the price stay above the recent support at 1.17190 on h1 time frame. Meanwhile price introduced the fresh support at 1.17224 on h1 time frame, as the price closes above 1.17419 on h1 time frame. On the other hand, the m15 structure continue to favors the buyers while generating the fresh support at 1.17314 on m15 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.17314 – 1.17309
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
1.17225 – 1.17190
Fresh Demand Zone
Higher Time Frame Resistance Region
Resistance Zones
M15 Resistance Zone
1.17816 – 1.17823
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.17708 – 1.17757
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may stay under the bullish bias on h1 time frame. Meanwhile the price hovering above the recent support at 1.17190 on h1 time frame. However, a finish below 1.17190 on h1 time frame. Meanwhile price could shift the structure to the bearish side and could setup the fresh resistance at 1.17364 – 1.17418 on h1 time frame. In addition, break below 1.17309 on m15 time frame. As a result price could change the short the term bias to the bearish side and generated the fresh resistance at 1.17445 – 1.17483 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