M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Session Overview
EURUSD Forecast Today may maintain the bullish structure on h1 time frame. Meanwhile the EURUSD Forecast Today hovers above prior low at 1.16921 on h1 time frame. Although the EURUSD Forecast Today remains aligned with previously established support zone on h1 time frame. On the other hand, m15 time frame continues its bearish bias, as the EURUSD Forecast Today trades below recent high at 1.17598 on m15 time frame. As a result EURUSD Forecast Today confirmed the fresh resistance at 1.17596 on m15 time frame.
Support Zones
M15 Support Zone
1.17432 – 1.17419
Pending Supply 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
1.17800 – 1.17822
Fresh Supply Zone
Short Term Resistance Area
H1 Resistance Zone
1.18171 – 1.18240
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may manage to trade in the bullish structure on h1 time frame. Therefore the price holds the last low at 1.16921 on h1 time frame. Meanwhile a sustained close below 1.16921 on h1 time frame. However, the price may support the bearish outlook and may produce the fresh resistance at 1.17067 – 1.17137 on h1 time frame. Moreover, a breakout above 1.17598 on m15 time frame. As a result price may signal the bullish structure shift and may generate the fresh support at 1.17564 – 1.17548 on m15 time frame.
Nyc Session Outlook
However the price looks to continue the bullish structure on h1 time frame, while the price trades above porejected support at 1.16921. Meanwhile the price continue to trade with the previously established support zone on h1 time frame. On the other hand, m15 structure remains under sellers dominance, as the price remains below the recent high at 1.17680 on m15 time frame. Although the price formed the fresh resistance at 1.17548 on m15 time frame. In addition, a define break below 1.17396 on m15 time frame. As a result price may maintain the bearish structure and setup the fresh resistance at 1.17476 – 1.17496 on m15 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.17168 – 1.17158
Pending Supply 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
1.17548 – 1.17564
Fresh Supply Zone
Short Term Resistance Area
H1 Resistance Zone
1.18171 – 1.18240
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may trade under the bullish bias on h1 time frame. Therefore the price stay above the nearby low at 1.16921 on h1 time frame. However, a confirmed close below 1.16921 on h1 time frame. Meanwhile, the price could support the sellers strength and may print the fresh resistance at 1.17067 – 1.17137 on h1 time frame. On the other hand, a sustained close above 1.17680 on m15 time frame. As a result price could initiate the bullish momentum and would generate the fresh support at 1.17540 – 1.17523 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