EURUSD 1 Apr 2024 W14 - Intraday Analysis - US PMI

This is my Intraday analysis on EURUSD for 1 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Chart Analysis


1.

• Swing Bearish / Continuation
  
• INT Bearish / Pullback Phase
  

2.

• Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low.
  
• After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback.
  
• Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure.
  
• More development on LTF required to confirm the Bullish Pullback Phase.
  

3.

• As price failed to initiate a pullback from the 4H demand, price continued bearish to the Daily demand zone.
  
• Possible reaction ONLY from the Daily demand as we are in the momentum phase of targeting the 4H Weak Swing Low.
  

15m Chart Analysis


1.

• Swing Bearish
  
• Internal Bearish
  

2.

• After the Bearish BOS we expect a Pullback.
  
• Price still in the bearish momentum following the HTF continuation.
  
• Price tapped into the daily demand which could provide a reaction to facilitate the INT Bearish Structure Pullback.