EURUSD 10 Jan 2024 W2 – Intraday Analysis

This is my Intraday analysis on EURUSD for 10 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

NOTE : Nothing changed since yesterday too, price still ranging since last Friday NFP and market waiting US CPI on Thursday

4H Chart Analysis


  • Swing Bullish
  • INT Bullish
  • Reached EQ


  • Price made a bullish BOS and after a BOS we expect a pullback.
  • After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
  • Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones creating Bullish CHoCHs.
  • Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it’s the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
  • With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme.
    Lets wait for LTF confirmations and price development.


  • Swing extreme demand for possible continuation to the upside.

15m Chart Analysis


  • Swing Bullish
  • Internal Bullish
  • At Swing Extreme Low


  • INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
  • The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone.
  • This demand is mitigated now and we are currently ranging.
  • For me it’s clear now that market is waiting for CPI news tomorrow which will will provide us a clear view for next week.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/5vvs1t5z-EURUSD-10-Jan-2024-W2-Intraday-Analysis/

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