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 aligned with yesterdays bullish structure, while buyers are defending the 1.15925 area in higher timeframe, and the price took decisive support at 1.15925.
Support Zones
M15 Support Zone\H1 Support Zone
The EURUSD Forecast Today hasn’t established new support, as the price already tapped last support at 1.15925, awaiting for the new structure.
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
1.17109 – 1.17134
Pending Supply Zone
Multi Timeframe Supply Area
Session Strategy
Although the EURUSD Forecast Today remains bullish until the buyers are defending last support at 1.15925 in higher timeframe h1. If price breaches 1.15925 then 1.16256 will act as h1 higher time frame resistance until that upside continues.
Nyc Session Outlook
Although the price trades in consolidation 1.16545 – 1.15751 on h1 time frame. Meanwhile the price is continuing it’s bullish structure on h1 time frame. Meanwhile the price is trading above last support at 1.15751 on higher time frame, as long as the price holds the last support at 1.15751 on h1 higher time frame, the bullish momentum remains intact for now.
Key Resistance and Support Zones
M15\H1 Resistance
1.17109 – 1.17134
Pending Supply Zone
Multi Timeframe Supply Area
Support:
1.14820
1D level Pending untapped level
Session Strategy
Although the structure remains bullish on h1 time frame. Meanwhile the price trades in consolidation mode. In addition a decisive close above 1.16545 would establish 1.15949 as the most recent h1 higher-time frame support. Moreover, a close below 1.15751 would position 1.16155 as resistance on the h1 higher time frame. Furthermore upside remains intact. as long as the price holds the last support at 1.15751 on higher time frame h1.
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