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 initiated the bullish momentum on h1 time frame, as the pair successfully closes above the last high at 1.16147 on h1 time frame. As a result EURUSD Forecast Today confirmed the fresh support range at 1.15957 on h1 time frame. However the m15 structure stay leaned towards the bullish side, with the structure accept the close above 1.16060 on m15 time frame. As a result EURUSD Forecast Today secured the fresh demand range at 1.15955 on m15 time frame. Moreover, a move above 1.16452 on h1 time frame, could establish the fresh accumulation range at 1.16177 – 1.16159 on h1 time frame.
Accumulation Zones
M15 Accumulation Zone
1.15955 – 1.15922
Fresh Buying Range
Intraday Support Region
H1 Accumulation Zone
1.15957 – 1.15922
Latest Demand Level
Major Support Base
Distribution Zones
M15 Distribution Zone
1.16543 – 1.16562
Previous Selling Level
Likely Reaction Area
H1 Distribution Zone
1.16513 – 1.16572
Prior Supply Boundary
Major Resistance Area
Session Strategy
However the buyers could stay intact on h1 time frame, as the buyers defends the last low at 1.15829 on h1 time frame. Meanwhile, a close below 1.15829 on h1 time frame. However the structure could form the bullish movement on h1 time frame. As a result sellers may define the fresh resistance field at 1.15922 – 1.15957 on h1 time frame. On the other hand, a breakdown below 1.15829 on m15 time frame, while the sellers may takeover the short term bias and produce the fresh supply at 1.15922 – 1.15955 on m15 time frame.
Nyc Session Outlook
Although the buyers may sustain the upside continuation on h1 time frame, while the structure keep bullish continuation intact above 1.15829 on h1 time frame. However the structure continues its bullish movement with holding the previous support range on m15 time frame. On the other hand, the time frame indicates bullis momentum could remain in play, while the positive structure holds the prior low at 1.15829 on m15 time frame. Although the structure stay in touch to the historic demand boundaries on m15 time frame.
Key Accumulation & Distribution Zone
Accumulation Zones
M15 Accumulation Zone
1.15748 – 1.15714
Old Buying Range
Intraday Support Region
H1 Accumulation Zone
1.15545 – 1.15462
Previous Demand Level
Major Support Base
Distribution Zones
M15 Distribution Zone
1.16543 – 1.16562
Previous Selling Level
Likely Reaction Area
H1 Distribution Zone
1.16513 – 1.16572
Prior Supply Boundary
Major Resistance Area
Session Strategy
However the buyers dominance may remain structurally valid on h1 time frame, as the buyers continues above the last low at 1.15829 on h1 time frame. Therefore, end below 1.15829 on h1 time frame. However the structure could support the further bullish movement on h1 time frame. As a result sellers could establish the fresh resistance field at 1.15922 – 1.15957 on h1 time frame. In addition, if price manages close below 1.15829 on m15 time frame, while the structure my continue leaning to the bearish side and identify the fresh supply at 1.15922 – 1.15955 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