M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
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 the EURUSD Forecast Today confirmed the change of character. As a result EURUSD Forecast Today closes above the last resistance at 1.17393 on h1 time frame. On the other hand, the m15 time frame follows the h1 bullish structure, as the EURUSD Forecast Today validate structure shift to the bullish side while giving the decisive close above 1.17354. Therefore the EURUSD Forecast Today set up the fresh support zone on both the time frame at 1.17550 on h1 and 1.17581 on m15 time frame.
Support Zones
M15 Support Zone
1.17581 – 1.17562
Fresh Demand Zone
Short Term Key Support Base
H1 Support Zone
1.17550 – 1.17528
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
Although the price trades in bearish structure on h1 and m15 time frame. Meanwhile the price hasn’t established any fresh or near by resistance zone on both the time frame m15 and h1. Therefore the pending higher time frame resistance would remain valid at 1.18505 – 1.18571 on h1
Session Strategy
Although the price may remain in bullish structure on h1 time frame, as the price trades above the last support at 1.17528 on h1. Therefore a close below 1.17528 on h1 time frame. As a result price could signal the character shift to the bearish side and may develop the fresh resistance at 1.17643 – 1.17651 on h1. On the other hand, a move below 1.17561 may strengthen bearish bias on m15 time frame and could set up the fresh resistance at 1.17650 – 1.17679 on m15.
Nyc Session Outlook
However the price could stay with in the bullish price structure on h1 time frame, as the price continue to hold the last support at 1.17582 on h1. Meanwhile the price has developed the fresh support on both the time frame on h1 at 1.17642 and on m15 at 1.17770. Moreover, the pending resistance zone would remain valid on both the time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.17770 – 1.17751
Fresh Demand Zone
Short Term Key Support Base
H1 Support Zone
1.17642 – 1.17582
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
The price trades in bearish structure on h1 and m15 time frame. Meanwhile the price hasn’t established any fresh or near by resistance zone on both the time frame m15 and h1. Therefore the pending higher time frame resistance would remain valid at 1.18505 – 1.18571 on h1
Session Strategy
However the price may maintain to trade in bullish structure on h1 time frame, as the price holds the last support at 1.17582 on h1. Therefore a move below 1.17582 on h1 time frame. As a result price may signal the character shift to the bearish side and could develop the fresh resistance at 1.17668 – 1.17698 on h1. On the other hand, a finish below 1.17751 could strengthen bearish bias on m15 time frame and may generate the fresh resistance at 1.17876 – 1.17922 on m15.
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
In addition, for daily EURUSD chart analysis refer my Forex Analysis EURUSD section