M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the EURUSD Forecast Today may remain supportive to the sellers on h1 time frame. As a result EURUSD Forecast Today operates below the recent resistance at 117912 on h1. Meanwhile the h1 time frame continues to trades with in the same EURUSD Forecast Today boundaries and without establishing the fresh resistance zones on h1 time frame. On the other hand, the m15 time frame remain in bullish structure, as EURUSD Forecast Today respects the last support at 1.17205 on m15 time. In addition the EURUSD Forecast Today hasn’t established any fresh support or resistance on m15 and h1 time frame. Therefore the pending zone would remain active int london session.
Support Zones
M15 Support Zone
Although the price support the buyers on m15. Meanwhile the price trades with same tapped support zone without forming the fresh support zone. Therefore awaiting for the new structure.
H1 Support Zone
1.15545 – 1.15465
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.17815 – 1.17823
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.17708 – 1.17756
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price may remain tilted to bearish side on h1 time frame, until price holds the last resistance at 1.17912 on h1 time frame. Meanwhile a move above 1.17912 on h1 time frame. As a result price may favors the buyers side momentum and could set up the fresh support at 1.17709 – 1.17755 on h1. On the other hand a finish below 1.17205 on m15 time frame. However the price may shift bias to the sellers side and could generate the fresh resistance at 1.17472 – 1.17413 on m15 time frame.
Nyc Session Outlook
Although the price may maintains the bearish advantage on h1 time frame. As a result price remain capped below 1.17912 on h1 time frame. However the price is guided by the unchanged supply zones on h1 time frame. In addition, the price trades within same tapped support zone on m15 time frame without forming the fresh demand zone on m15 time frame. Therefore a sustained close above 1.17636 on m15 time frame would confirm the fresh support on m15 time frame.
Key Resistance & Support zone
Support Zones
M15 Support Zone
Meanwhile the price remains supportive to the buyers on m15. However price trades with same tapped support zone without forming the fresh support zone. Therefore awaiting for the new breakout confirmation.
H1 Support Zone
1.15545 – 1.15465
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.17815 – 1.17823
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
1.17708 – 1.17756
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price may remain favorable to the sellers h1 time frame, until price respects the last resistance at 1.17912 on h1 time frame. Therefore. a close above 1.17912 on h1 time frame. As a result price could favors the bullish trend and may set up the fresh support at 1.17709 – 1.17755 on h1. In addition, acceptance below 1.17205 on m15 time frame. However the price could shift bias to the bearish side and could introduced the fresh resistance at 1.17472 – 1.17413 on m15 time frame.
Key Takeways
Trend: Bearish
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