M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Session Overview
EURUSD Forecast Today may continue to reflect the buyers strength on h1 time frame. Meanwhile, EURUSD Forecast Today positioned above the prior support at 1.16921 on h1 time frame. However, EURUSD Forecast Today remains aligned with same active support zone at 1.16936 on h1 time frame. On the other hand, the 15 structure continues to the downside structure. Meanwhile, EURUSD Forecast Today confirmed the fresh resistance at 1.17771 on m15 time frame. Moreover, a break below 1.17467 on m15 time frame. As a result EURUSD Forecast Today could continue downside momentum and shape the fresh resistance at 1.17709 – 1.17721 on m15 time frame.
Support Zones
M15 Support Zone
1.17432 – 1.17419
Pending Demand Zone
Short Term Support Base
H1 Support Zone
1.16936 – 1.16921
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.17771 – 1.17790
Fresh Supply Zone
Short Term Resistance Area
H1 Resistance Zone
1.18172 – 1.18241
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price could stay under the bullish structure on h1 time frame. As a result price operates above the support at 1.16921. Therefore, acceptance below 1.16921 on h1 time frame. However the price may support the bearish bias and establish the fresh resistance at 1.17066 – 1.17137 on h1 time frame. In addition, breakout above 1.17881 on m15 time frame, as the price could secure the bullish structure and print the fresh support at 1.17790 – 1.17771 on m15 time frame.
Nyc Session Outlook
Although the structure may remains under the positive bias on h1 time frame. Therefore the structure defends the nearby support at 1.16921 on h1 time frame. Meanwhile the price stay aligned with previous support zone on h1 time frame. In addition, the m15 time frame hold the bearish bias, as the price trades below the resistance at 1.17881 on m15 time frame.
Key Resistance & Support Zone
Support Zones
M15 Support Zone
1.17432 – 1.17419
Pending Demand Zone
Short Term Support Base
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 Area
H1 Resistance Zone
1.18172 – 1.18241
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price may remain favorable for the buyers on h1 time frame. Meanwhile price holds the prior support at 1.16921. In addition, a confirmed close below 1.16921 on h1 time frame. As a result price may advantage the sellers and could establish the fresh resistance at 1.17066 – 1.17137 on h1 time frame. Moreover, sustained close above 1.17824 on m15 time frame, as the price could form the positive structure and may shape the fresh support at 1.17500 – 1.17490 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