EURUSD 10 Apr 2024 W15 - Intraday Analysis - US CPI/FOMC DAY!

This is my Intraday analysis on EURUSD for 10 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:

4H
15m



4H Chart Analysis


1.

• Swing Bearish / Continuation
  
• INT Bearish / Pullback Phase
  

2.

• Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg and currently close to mitigate the 4H Supply.
  
• As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
  
• Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
  

3.

• After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
  

15m Chart Analysis


1.

• Swing Bullish
  
• Internal Bullish
  
• Swing Pullback Phase
  

2.

• As expected, price reached the Weak Swing High and created a Bullish BOS.
  
• After a BOS we expect a pullback. We didn't mitigate a HP/HTF POI.
  
• Price will continue bullish till the mitigation of the 4H Supply or Till we have the Bearish iBOS to confirm the Swing Pullback Phase is starting.
  

3.

• 15m/4H Demand would be potential for longs once reached after confirmation to continue the bullish swing.