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 established the bullish bias on h1 time frame. Meanwhile the EURUSD Forecast Today closes above the nearby resistance at 1.16915 on h1 time frame. Therefore the price introduced the fresh support at 1.16936 on h1 time frame. On the other hand, the m15 time frame may continue under the bullish structure, as the EURUSD Forecast Today trades above latest support at 1.17158 on m15 time frame. Meanwhile the m15 time frame formed the fresh support at 1.17168 on m15 time frame.
Support Zones
M15 Support Zone
1.17168 – 1.17158
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
1.16936 – 1.16920
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.17658 – 1.17690
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.18172 – 1.18240
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price is expected to remain in the bullish structure on h1 time frame. Therefore the price stay above the lastest support zone at 1.16920 on h1 time frame. Meanwhile a close below 1.16920 on h1 time frame. As a result price could validate the bearish bias and generate the fresh resistance at 1.17066 – 1.17136 on h1 time frame. However the a decisive close below 1.17158 on m15 time frame, as the price may signal the bearish structure shift and could develop the fresh resistance at 1.17233 – 1.17262 on m15 time frame.
Nyc Session Outlook
However the price may remain supportive to the buyers on h1 time frame. Therefore the price positioned above the recent support zone at 1.16920 on h1 time frame. Meanwhile the price remains respected towards the prior support zone on h1 time frame. In addition, the m15 time frame extending the bullish momentum, while forming the fresh support at 1.17282 on m15 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.17282 – 1.17245
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
1.16936 – 1.16920
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.17987 – 1.17994
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.18172 – 1.18240
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may remain under the bullish bias on h1 time frame. Therefore the price trades above the recent support zone at 1.16920 on h1 time frame. Meanwhile a confirmed close below 1.16920 on h1 time frame. As a result price may validate the bearish bias and could produce the fresh resistance at 1.17066 – 1.17136 on h1 time frame. On the other hand, the a secured close below 1.17245 on m15 time frame, as the price could signal the bearish structure shift and may create the fresh resistance at 1.17372 – 1.17430 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