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 under bullish momentum on h1 time frame, as the EURUSD Forecast Today manages trades above the last support at 1.17190 amid the last week on h1 time frame. Meanwhile the EURUSD Forecast Today hasn’t setup any fresh support on h1 time frame. Therefore the EURUSD Forecast Today remains aligned with pending support zone at 1.16901 h1 time frame. In addition, the m15 time frame could continue to operate under the bullish bias, as the EURUSD Forecast Today confirmed the breakout above 1.17295 on m15 time frame. Although EURUSD Forecast Today secured the bullish momentum, however the price hasn’t introduced any fresh support on m15 time frame
Support Zones
M15 Support Zone
1.16917 – 1.16821
Pending Demand Zone
Short Term Support Base
H1 Support Zone
1.16901 – 1.16821
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.17656 – 1.17690
Fresh Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.18171 – 1.18241
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price is expected to remain under the bullish bias on h1 time frame. Therefore the price operates above the recent support at 1.17190 on h1 time frame. Meanwhile a decisive close below 1.17190 on h1 time frame. As a result price may support the bearish momentum and print the fresh resistance at 1.17364 – 1.17418 on h1 time frame. Moreover, a break below 1.17157 on m15 time frame, as the price amy shift the momentum to the bearish side and shape the fresh resistance at 1.17196 – 1.17239 on m15 time frame.
Nyc Session Outlook
However the price may continue to respect the bearish structure on h1 time frame. Therefore the price stay below the recent resistance at 1.17853 on h1 time frame. Meanwhile price introduced the fresh resistance at 1.17364 on h1 time frame, as the price closes below 1.17191 on h1 time frame. On the other hand, the m15 structure continue to favors the sellers while generating the fresh resistance at 1.17204 on m15 time frame.
Resistance Zones
M15 Resistance Zone
1.17204 – 1.17239
Fresh Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.17364 – 1.17418
Fresh Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
1.16800 – 1.16735
Pending Demand Zone
Short Term Support Base
H1 Support Zone
1.16722 – 1.16615
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may stay under the bearish bias on h1 time frame. Meanwhile the price hovering below the latest resistance at 1.17853 on h1 time frame. However, a finish above 1.17853 on h1 time frame. Meanwhile price could shift the structure to the bullish side and could setup the fresh support at 1.17418 – 1.17364 on h1 time frame. In addition, break above 1.17239 on m15 time frame. As a result price could change the short the term bias to the bullish side and generated the fresh support at 1.17159 – 1.17118 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