M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
Nyc Session Overview
EURUSD Forecast Today could stay under the bullish continuation on h1 time frame. As a result price remains above the nearby support at 1.16921 on h1 time frame. However the price respects the previous support zone at 1.16936 on h1 time frame. On the other hand, the m15 may continue to follow the bullish bias on h1 time frame, until the price holds the support at 1.17422 on m15 time frame. Although the price introduced the fresh support at 1.17481 on m15 time frame. In addition, a close above 1.17965 on h1 time frame. As a result price could indicate the bullish continuation and create the fresh support at 1.17445 – 1.17422 on h1 time frame.
Support Zones
M15 Support Zone
1.17481 – 1.17451
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
1.16936 – 1.16921
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.17987 – 1.17994
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.18171 – 1.18239
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price is expected to remain under the buyers side on h1 time frame. Meanwhile the price positioned above the support at 1.16921 on h1 time frame. Therefore, a secured close below 1.16921 on h1 time frame, as the price could confirm the change of character to the bearish side and develop the fresh resistance at 1.17066 – 1.17136 on h1 time frame. In addition, sustained close below 1.17422 on m15 time frame. As a result price may support bearish outlook and could identify the fresh resistance at 1.17451 – 1.17481 on m15 time frame.
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