EURUSD 28 Mar 2024 W13 - Intraday Analysis - US GDP/Jobless

This is my Intraday analysis on EURUSD for 28 Mar 2024 W13 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
  

3.

• 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.

• 4H and Daily Demand Zones for possible reactions only once reached.
  

15m Chart Analysis


1.

• Swing Bearish
  
• Internal Bearish
  

2.

• After the Bearish BOS we expect a Pullback.
  
• Price reached the 4H demand and the nested 15m Demand which is mitigated after the bullish CHoCH initiating the 15m INT Structure Pullback.
  
• Expectations is set for price to initiate the 15m Swing Pullback Phase with a Bullish iBOS. But be mindful that price could continue bearish targeting 4H Weak Swing Low.
  

3.

• 15m/4H Supply zones for possible short options once reached.