M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
Nyc Session Overview
EURUSD Forecast Today may continue the bullish structure on h1 time frame. Therefore the EURUSD Forecast Today operates above the recent support zone at 1.16921 on h1 time frame. However the EURUSD Forecast Today trades with unchanged support zone at 1.16936 on h1 time frame. Therefore the pending demand levels would remain effective on h1 time frame. On the other hand, the m15 time time frame continues to respect the higher time frame bullish bias, while trading above the latest support at 1.17419 on m15 time frame. As a result EURUSD Forecast Today developed the fresh support at 1.17431 on m15 time frame.
Support Zones
M15 Support Zone
1.17431 – 1.17419
Fresh Demand Zone
Short Term Support Zone
H1 Support Zone
1.16936 – 1.16921
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 – 1.18241
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price is expected to trade under the bullish structure on h1 time frame. Therefore the price operates above the nearby support at 1.16921 on h1 time frame. However, a confirmed close below 1.16921 on h1 time frame. As a result price could confirm the downside structure and may identify the fresh resistance at 1.17066 – 1.17137 on h1 time frame. Although the m15 trades in bullish structure but a secured close below 1.17419 on m15 time frame. Meanwhile the price initiate the downside continuation and generate the fresh resistance at 1.17475 – 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