M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy on Dips
Session Focus: London| Nyc
London Market Overview
Although the EURUSD Forecast Today remains bullish on m15 and h1 timeframe. Moreover the EURUSD Forecast Today established character shift in midnight today in major time frame on h1. In addition the EURUSD Forecast Today decisively took the support at 1d level 1.15767 and established the character shift from that level on m15 and h1.
Resistance Zones
M15 Resistance Zone
1.17109 – 1.17134
Pending Supply zone
Likely Supply Reaction Area
H1 Resistance Zone
1.17109 – 1.17134
Pending Supply zone
Multi Timeframe Alignment Zone
Support Zones
M15 Support Zone
1.15831 – 1.15820
Already Tested Demand Area
Intraday Support Remains Valid
H1 Support Zone
1.15831 – 1.15820
Already Tested Demand Area
Intraday Support Remains Valid
Session Strategy
Although the structure remains bullish until the price trades above 1.15831 this level on h1 time frame. In addition the sellers are active at 1.17109. Therefore the price established multi timeframe resistance at m15 time frame and h1 time frame. Moreover if price closes above 1.16256 on h1 time frame the price can establish new support at 1.15807. However the valid support remain at 1.15831 on h1. Furthermore bullish momentum remains intact until the price holds the last support at 1.15831 on h1.
Nyc Session Outlook
Although the structure remains bullish on higher time frame h1. Meanwhile the price established intraday demand zone at 1.15995 on m15 time frame. Moreover the higher timeframe support will remain at 1.15925 on h1 time frame. However the bullish remains intact until the price holds the last support at 1.15925 on h1 time frame
Key Support and Resistance Zones
M15 Support
1.15995 – 1.15925
Short-term Intraday Demand Zone
H1 Support:
1.15925 – 1.15749
Higher timeframe Support Base
H1 Resistance:
1.17109 – 1.17134
Pending Higher timeframe Supply Area
Session Strategy
Although the buyers are dominating the price while defending higher timeframe support base at 1.15995 on h1 time frame. Meanwhile the sellers are present at 1.17109. In addition the sellers may dominate the price till 1.15925. Moreover the upside may continue until the 1.15995 remains intact.
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
For daily EURUSD chart analysis refer my Forex Analysis EURUSD section