M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Session Overview
EURUSD Forecast Today performs with the bearish structure on h1 time frame. However, with this the sellers protects old high at 1.17215 on h1 time frame. Meanwhile, the sellers continues their dominance with the previous resistance zone on h1 time frame. In addition, the m15 structure continues to honour the h1’s downward momentum, through this the sellers remains protective for the recent high at 1.16263 on h1 time frame. Meanwhile, the sellers continues the downside continuation with the old resistance zone on m15 time frame.
Supply Zones
M15 Supply Zone
1.16492 – 1.16554
Last Distribution Zone
Likely Sell Reaction Area
H1 Supply Zone
1.17182 – 1.17215
Previous Resistance Region
High Confluence Supply Zone
Demand Zones
M15 Demand Zone
1.15748 – 1.15715
Old Support Area
Possible Accumulation Zone
H1 Demand Zone
1.15544 – 1.15464
Previous Support Boundary
Higher Time Frame Support Field
Session Strategy
Although the sellers remains protective for their downside momentum on h1 time frame. As a result, the EURUSD Forecast Today continues below the high at 1.17215 on h1 time frame. Therefore, a close above 1.17215 on h1 time frame, with this structure could validate the bullish structure. Meanwhile buyers may create the fresh support boundary at 1.17028 – 1.16956 on h1 time frame. Moreover, if structure accepts close above 1.16263 on m15 time frame. As a result buyers may establish their dominance and could form fresh support field at 1.16187 – 1.16171 on m15 time frame.
Nyc Session Outlook
However the sellers may remain effective on h1 time frame, while the structure protects the last high at 1.17215 on h1 time frame. Although the sellers remains in control with the prior identified supply zones on h1 time frame. On the other hand, the structure continues with the bearish momentum on m15 time frame, while the price decisively closes below the latest low at 1.16292 on m15 time frame. Meanwhile the sellers created the fresh resistance boundary at 1.16370 on m15 time frame.
Key Supply & Demand Zone
Supply Zones
M15 Supply Zone
1.16370 – 1.16403
Fresh Distribution Zone
Likely Sell Reaction Area
H1 Supply Zone
1.17182 – 1.17215
Previous Resistance Region
High Confluence Supply Zone
Demand Zones
M15 Demand Zone
1.16187 – 1.16170
Prior Support Area
Possible Accumulation Zone
H1 Demand Zone
1.15544 – 1.15464
Previous Support Boundary
Higher Time Frame Support Field
Session Strategy
Although the price could stay with the sellers side on h1 time frame. As a result, price continues below the high at 1.17215 on h1 time frame. Meanwhile, a break above 1.17215 on h1 time frame, with this momentum the price may support the bullish structure. However the bulls may develop the fresh demand at 1.17028 – 1.16956 on h1 time frame. On the other hand, if sellers accepts close above 1.16453 on m15 time frame. As a result structure may generate the bullish momentum may form fresh accumulation field at 1.16403 – 1.16370 on m15 time frame.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
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