M15 & H1 Intraday Key Levels| Bearish Bias (mid London shift)
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
However the EURUSD Forecast Today is likely to maintain the bullish price structure on h1 time frame. As a result EURUSD Forecast Today stay above the last support zone at 1.17582 on h1 time frame. In addition, the m15 time frame bias favors buyers. As a result EURUSD Forecast Today trades above the last support zone at 1.17751 on m15 time frame. Meanwhile the EURUSD Forecast Today hasn’t established any fresh support zone on m15 and h1 both the time frame. Therefore the pending support would remain valid on both the time frame m15 and h1.
Support Zones
M15 Support Zone
1.17770 – 1.17751
Pending Demand Zone
Short Term Key Support Base
H1 Support Zone
1.17642 – 1.17582
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.18635 – 1.18617
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.18505 – 1.18571
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may trades with in the bullish structure on h1 time frame. As a result price operates above the last support at 1.17582 on h1 time frame. Therefore a close below 1.17582 on h1 time frame. As a result the price may initiate to favors the buyers and may introduce to the new resistance at 1.17668 – 1.17698 on h1 time frame. In addition, if price settle below 1.17751 on m15 time frame. As a result price could shift the short term bias to the bearish side and could develop the fresh resistance at 1.17876 – 1.17922 on m15 time frame.
Nyc Session Outlook
However the price shifted its character from bullish to bearish on h1 time frame. As a result price closes below 1.17791 on h1 time frame. Therefore the price confirmed the fresh resistance zone at 1.17919 on h1 time frame. Meanwhile the m15 time frame follows bearish bias, as the price closes below the 1.17791 on m15 time frame. As a result price established the fresh resistance zone at 1.17934 on m15 time frame. In addition, the pending support zones would remain valid on both the time frame.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
1.17934 – 1.17993
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.17919 – 1.17993
Fresh Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
As the price shifted its character on m15 time frame. Therefore the price hasn’t established any fresh or near by support zone on m15 time frame. Meanwhile awaiting for the new structure.
H1 Support Zone
1.17642 – 1.17582
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may keep trading in the bearish structure on h1 time frame. As a result price trades below the last resistance at 1.17993 on h1 time frame. Therefore, if price settle above 1.17993 on h1 time frame. As a result the price may tilt the structure to the bullish side and could introduce to the new support at 1.17835 – 1.17791 on h1 time frame. In addition, if price finish above 1.17993 on m15 time frame. As a result price may shift the bias to the bullish side and may develop the fresh support at 1.17823 – 1.17791 on m15 time frame.
Key Takeways
Trend: Bearish (mid London shift)
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