EURUSD 12 Dec 2023 Intraday Analysis - US CPI Day

12. Dez. 2023

This is my Intraday analysis on EURUSD for 12 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

• 4H
  
• 15m
  

4H Chart Analysis

https://www.tradingview.com/x/bcaI4OH4/

1.

• Swing Bullish
  
• INT Bearish
  
• Reached EQ
  

2.

• INT structure turned bearish to liquidate the INT Low (Liquidity above the Daily Demand) and mitigated the daily demand zone.
  
• INT Structure is currently bearish, so we are still bearish and there is a high probability that we may break the Swing Low as per the Daily/Weekly Bearish Continuation.
  
• On the other side, 4H/Daily Swings are bullish and we are at the extremes. If we are going to continue these bullish structure then at least we need to see Bullish iBOS on the 4H. We also could benefit from LTFs to show us early if that daily mitigation could develop to be a Swing Continuation on the 4H/Daily.
  
  Waiting for LTF to show me more developments.
  

3.

• Swing low and last demand for potential buys.
  

15m Chart Analysis

https://www.tradingview.com/x/GmH2Oiow/

1.

• Swing Bearish
  
• Internal Bearish
  
• Reached EQ
  

2.

• Swing turned bearish after NFP and tapped into a Daily Demand Zone where we started the 15m Swing/INT Pullback.
  
• Currently we are bearish in Structure on 15m and 4H. My expectations is that if we are going to continue down we need to respect the 15m Swing / 4H INT Highs and we can continue bearish.
  
• If we invalidated the 15m Swing / 4H INT Highs then we are going to play longs for the Daily Structure.
  

3.

• No Supply zones for Shorts that can be potential.
  

4.

• No significant Demand zones to hold price
  

12. Dez. 2023

Anmerkung

Frankfort open 15m Chart: