EURUSD Multi Timeframe Analysis 17.10.2024

15m Swing, Internal and Fractal Bearish

Recent supply that price currently testing is the strongest range to hold the price imo. The one placed between 1.08592-1,08622 is very likely to fail, thats why I have not mentioned on the chart

We now have mitigated the extreme Daily Demand range and we likely get a bullish reaction but we might get couple of fake breaks in low time frames before price pushes up. Ideally wait for 4H Internal Structure to shift bullish

I will look for quick 15m setups ( buy / sell ) if I see any and publish here as update as I have done before

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4H

to play next daily bullish leg, wait for 4H internal to switch bullish

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Daily

Daily Swing is bearish and we have mitigated premium supply that I mentioned on my earlier analysis ( even before bearish pressure kicked in )

Daily Internal bullish and still might hold. This recent Daily demand is the last range to keep the price If we will get a daily bullish leg

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EUR CPI 10:00 UK Time
EUR ECB Interest Rate Decision (Oct) 13:15 UK Time

to keep your eye on

I personally do not trade major events

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15m Update

Internal has switched to Bullish. I personally can't trust any supply in 15m swing range to take shorts. I prefer to follow 15m internal bullish of up to the 4H supply, if I see any entry model in 15m demand