EURUSD 14 Mar 2024 W11 - Intraday Analysis - US PPI

This is my Intraday analysis on EURUSD for 14 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Chart Analysis


1.

• Swing Bearish
  
• INT Bullish / Continuation Phase
  
• 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.

• 4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
  
• After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
  
• Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
  

15m Chart Analysis


1.

• Swing Bearish
  
• INT Bearish
  
• Swing Pullback Phase
  

2.

• 15m Swing turned which indicates that the 4H Internal Structure pullback is not over yet.
  
• After a BOS we expect a pullback. Price didn't reach any HTF POI to initiate the pullback yet.
  

3.

• Price tapped into a previous 15m demand within a previous 4H demand that was partially mitigated.
  
• 15m Swing pullback could start at anytime but no yet confirmation as minimum as a bullish CHoCH.