M15 & H1 Intraday Key Levels| Bearish Bias (mid London shift)
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Session Overview
EURUSD Forecast Today confirmed the buyers back again on h1 time frame, as the EURUSD Forecast Today accepted break above 1.16573 on h1 time frame. As a result the bullish structure formed the fresh support at 1.16294 on h1 time frame. On the other hand, the structure stay with the bullish side, while trading above the last low at 1.16289 on m15 time frame. Although the price generated the fresh support at 1.16294 on m15 time frame. However, a finish above 1.16618 on h1 time frame, would keep the bullish bias intact and could produce the fresh support at 1.16367 – 1.16339 on m15 time frame.
Accumulation Zones
M15 Accumulation Zone
1.16294 – 1.16289
Fresh Support Zone
Multi Time Frame Demand Field
H1 Accumulation Zone
1.16294 – 1.16289
Latest Demand Boundary
Multi Time Frame Demand Field
Distribution Zones
M15 Distribution Zone
1.16728 – 1.16739
Pending Resistance level
Likely Sell Reaction Range
H1 Distribution Zone
1.17184 – 1.17215
Historic Supply Range
Higher Time Frame Resistance Structure
Session Strategy
Although the structure could hold the bullish bias on h1 time frame. However the price remains above the latest low at 1.16289 on h1 time frame. Meanwhile, a structured close below 1.16289 on h1 time frame. As a result the sellers may gain the momentum again and identify the fresh resistance at 1.16513 – 1.16574 on h1 time frame. Moreover, a define break below 1.16289 on m15 time frame, as the bears may get the bias and could create the fresh resistance at 1.16539 – 1.16574 on m15 time frame.
Nyc Session Outlook
However the bears gained momentum again on h1 time frame, as the price closes below the last low at 1.16289 on h1 time frame. Meanwhile the sellers created the fresh resistance boundary at 1.16513 on m15 time frame. On the other hand, the m15 time frame respects h1’s bearish bias and remains below the resistance at 1.16618 on m15 time frame. As a result structure confirmed the fresh supply level at 1.16539 on m15 time frame.
Key Distribution & Accumulation Zone
Distribution Zones
M15 Distribution Zone
1.16254 – 1.16268
Latest Resistance level
Likely Sell Reaction Range
H1 Distribution Zone
1.16513 – 1.16574
Latest Supply Range
Higher Time Frame Resistance Structure
Accumulation Zones
M15 Accumulation Zone
1.15747 – 1.15715
Pending Support Zone
Multi Time Frame Demand Field
H1 Accumulation Zone
1.15544 – 1.15462
Historic Demand Boundary
Multi Time Frame Demand Field
Session Strategy
Although the seller dominance may remain persist on h1 time frame. Meanwhile the sellers dominance remain active below the latest high at 1.16618 on h1 time frame. However, acceptance above 1.16618 on h1 time frame. As a result the buyers could establish the bullish momentum and could form the fresh demand at 1.16574 – 1.16513 on h1 time frame. Moreover, a break below 1.16268 on m15 time frame. As a result bulls may initiate the momentum and may create the fresh demand at 1.16174 – 1.16150 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