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EURUSD 19 Dec 2023 Intraday Analysis – EUR CPI

This is my Intraday analysis on EURUSD for 19 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

NOTE:
Nothing changed since yesterday, price is ranging within a tide range and maybe with CPI today we can see some movement.


4H Chart Analysis

1.

  • Swing Bullish
  • INT Bullish
  • Reached EQ/Extreme

2.

  • INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
  • After the iBOS we would expect a pullback but be mindful with 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 is currently at the Daily/4H Supply zones and Weak Swing High.
  • Price had mitigated the Daily/4H Supply zones formed when we started the Swing Pullback.
  • Currently price at a 4H Demand zone and the Zone low is the current Liq which price could sweep and continue up again targeting the Weak Swing High.
  • As we are approaching the end of the year, better to observe the market and prepare yourself to the next year runs.

15m Chart Analysis

1.

  • Swing Bullish
  • Internal Bearish

2.

  • Price created a bearish iBOS which confirms a Swing High.
  • We are currently in the Swing pullback phase which means we are in a short term bearish momentum to facilitate the Swing pullback.
  • We have some potential supply zones for Shorts to play the Swing Pullback as long we didn’t reach the Swing EQ/Discount.
  • I prefer the upper 2 zones as they are positioned in the Premium and they can potentially categorized as FLIP zones.
  • For Swing bullish continuation, I’m looking on the 4H/15m Demand zone to look for reaction from for Longs as long the Strong Swing Low will Hold.

Dec 19, 2023

Comment:

Frankfort Open 15m Chart:

Dec 19, 2023

Comment:

London Open 15m Chart:

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/6ahYwqLB-EURUSD-19-Dec-2023-Intraday-Analysis-EUR-CPI/

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