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 may continue towards the bullish extension on h1 time frame. As a result price stays above the last support at 1.17954 on h1 time frame. In addition the m15 time trades in yesterday’s bullish bias and confirmed the fresh support at 1.18009. Meanwhile the h1 time frame formed the fresh support at 1.17971 on h1 time frame. Moreover if price record a close above 1.18238 on h1 time frame. As a result the price would establish the fresh support on both the time frame m15 and h1.
Support Zones
M15 Support Zone
1.18009 – 1.17968
Fresh Demand Zone
Short Term Key Support Zone
H1 Support Zone
1.17835 – 1.17790
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.18617 – 1.18635
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 is likely to maintain the bullish bias on h1. As a result EURUSD Forecast Today maintains to trade above the last support at 1.17954 on h1. Meanwhile if EURUSD Forecast Today end below 1.17954 on h1. As a result EURUSD Forecast Today would validate the character shift to the bearish side and may form the fresh resistance at 1.18004 – 1.18046 on h1. Moreover, a close below 1.17968 on m15, could shift the short term bias to the bearish side and may create the fresh resistance at 1.18073 – 1.18092 on m15. In addition, a close above 1.18238 on h1 time frame, may develop the fresh support zone on both the time frame h1 and m15.
Nyc Session Outlook
However the price shifted the bullish to bearish bias on h1 time frame. As a result price closes below the last support at 1.17956 on h1. Meanwhile the price introduced the fresh resistance at 1.18003 on h1 time frame. In addition the m15 time frame follows the h1 bearish structure. As a result price established the fresh resistance at 1.18075 on m15 time frame.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
1.18075 – 1.18094
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.18004 – 1.18051
Fresh Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
As the price trades in bearish structure on m15 time frame. Meanwhile the price hasn’t established any fresh or near by support zone. Therefore awaiting for the news structure.
H1 Support Zone
1.17835 – 1.17790
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price could stay with in the bearish bias on h1. As a result price maintains to trade below the last resistance at 1.18240 on h1. Meanwhile if price close above 1.18240 on h1. As a result price may validate the character shift to the bullish side and may establish the fresh support at 1.18050 – 1.18004 on h1. Moreover, a close above 1.17884 on m15, may shift the short term bias to the bullish side and could create the fresh support at 1.17800 – 1.17765 on m15. In addition, a close below 1.17727 on m15 time frame, may develop the fresh support zone 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