This is my Intraday analysis on EURUSD for 14 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis

1.

  • Swing Bullish
  • INT Bearish
  • Reached EQ

2.

  • INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High maybe more above.
  • After the iBOS we would expect a pullback but be mindful the the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.

3.

  • Swing low and last demand for potential buys.

4.

  • Price swept liquidity on the left but didn’t mitigate any supply zone to initiate the pullback.
  • We have the Daily/4H Supply zone that can provide reaction (Not expecting a deep reaction) that can provide a pullback before we reach the Weak Swing High.

5.

  • Fundamentally: The Fed showed the acceptance to the market expectations on rate cuts next year which is bearish USD.
  • We will continue bullish till next CPI/NFP reports which can provide more confirmation for the next FOMC meeting.

15m Chart Analysis

1.

  • Swing Bullish
  • Internal Bullish

2.

  • Swing turned Bullish creating BOS. After a BOS we expect a pullback. First sign of the pullback maybe starting will be a CHOCH.
  • Expectations that price can pullback to demand areas to continue bullish. But be mindful that with that solid bullish momentum, pullbacks will not be deep.
  • Also price didn’t mitigate any HTF POI yet to initiate the pullback, so most probably we will continue the leg up before any decent pullback.

    NOTE: Today is EUR Interest Rate Decision.

3.

  • Potential Demand Zone within the current internal and in the Swing Discount.

Dec 14, 2023

Comment:

Frankfort Open 15m Chart:

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/gPcgIPin-EURUSD-14-Dec-2023-Intraday-Analysis-EUR-Interest-Rate/

I’m Amr

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