This is my Intraday analysis on EURUSD for 25 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:

Market Sentiment

Euro’s recent strength: The Euro has gained some ground against the USD lately, fueled by weaker US data and supporting the Pullback Phase after the YTD lows.

US data as a game changer: The upcoming US GDP and Jobless Claims reports are the main event. Strong numbers could significantly strengthen the USD, reversing the Euro’s recent gains.

Cautious market: Investors are holding back until the data is released, creating a wait-and-see sentiment that could limit the Euro’s upside potential specially with US PCE Inflation Report tomorrow.

4H Chart Analysis


  • Swing Bearish
  • Internal Bearish
  • INT / Swing Pullback Phase


  • Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.


  • After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
  • With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
  • Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.


  • As price reached the 4H Supply with Bullish OF, price showed a bearish reaction as expected to facilitate a Pullback to recent Demand.
  • Price tapped into the 4H Demand and currently in the momentum to create a new high.
  • As indicated previously, the Liquidity on the left above the 4H Supply and possibly the Swing EQ are the targets.

15m Chart Analysis

15m Chart Analysis


  • Swing Bullish
  • Internal Bullish
  • Long: Phase A
  • Short: Phase C (Require Bearish iBOS)


  • Price mitigation to the 4H Demand.


  • Price turned bullish after mitigating the 4H Demand turning INT structure to Bullish.
  • With INT structure is Bullish, expectations are set that we are going to target the Weak Swing High.
  • But be mindful that we are still within the 4H Supply Zone that is partially mitigated yesterday so Phase A2 after the BOS will be tough. But Phase C will be applicable if we have a Bearish iBOS.

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June 2024

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