EURUSD 22 Feb 2024 W8 - Intraday Analysis - EU CPI / US Jobless

This is my Intraday analysis on EURUSD for 21 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Chart Analysis


1.

Swing Bearish
INT Bullish
Swing Pullback Phase

2.

• After a BOS and iBOS we expect a Pullback.
  
• As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
  
• Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
  
• Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
  

3.

• After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback.
  
• Price managed to tap into the previous Bearish INT Structure range which acted as a Sell to Buy Range (Demand Range) and price bounced and imo in the direction to target the 4H Supply Zones.
  
• Still Bullish momentum of the pullback is intact and continuation up to 4H Bearish Swing EQ is a HP.
  

15m Chart Analysis



1.

• Swing Bullish
  
• INT Bullish
  
• INT Continuation Phase
  

2.

• Swing turned bullish to facilitate the 4H Swing Pullback.
  
• After BOS we expect a pullback. No HTF POI price tapped into yet to start the pullback.
  
• Most probably price will continue bullish till the 4H Supply zone.
  
• Bearish iBOS will confirm 15m Swing High and Start of Swing Pullback.
  
• Continuing my bullish Bias on EURUSD till we reach the 4H Swing EQ/HP Supply zones.