EURUSD Daily Outlook, 24 April 2026: EURUSD Forecast & Levels

EURUSD Daily Outlook – Multi-Timeframe ICT & SMC Analysis – Intraday Trading Plan

This breakdown analyzes EURUSD across the Daily, 4H, 1H, 15M, and 5M timeframes, applying ICT (Inner Circle Trader) and Smart Money Concepts (SMC) principles. The objective is to map institutional order flow, identify liquidity pools, and build high-probability intraday setups with precise execution models.

Macro Context (Daily Timeframe)

Market Structure Overview:

• The daily chart shows a broad consolidation range, rather than a clean trend.
• Price recently delivered a strong bearish leg, followed by a reactive bullish retracement from discount levels (~1.1450–1.1550).
• The current move appears to be a corrective rally within a larger range.

ICT/SMC Interpretation:

• The market swept sell-side liquidity (SSL) below previous lows and reacted strongly.
• A Change of Character (CHoCH) is visible, indicating a temporary bullish shift.
• Price is now approaching intermediate resistance / supply zones.

Key Levels:

• Premium Supply Zone: 1.1800–1.2000
• Equilibrium: 1.1650–1.1750
• Discount Demand Zone: 1.1450–1.1550
• Weak Low: ~1.1400

Bias:

• Short-term bullish retracement
• Macro range-bound → potential distribution near highs

4H Timeframe – Internal Trend & Reaction Zones

Structure:

• Clear bullish expansion from the 1.1500 demand zone
• Followed by a pullback and continuation attempt
• Current price trading near 4H equilibrium (~1.1700–1.1750)

Smart Money Narrative:

• The bullish leg likely represents:
  • Repricing after liquidity sweep
  • Potential transition into reaccumulation or distribution

Key Zones:

• 4H Demand: 1.1650–1.1680
• 4H Supply: 1.1780–1.1820
• Liquidity Above: 1.1800 (buy stops)

Insight:

• Price is currently:
  • Testing equilibrium
  • Showing signs of weak continuation

Bias:

• Neutral to slightly bullish below 1.1780
• Watch for rejection at supply

1H Timeframe – Intraday Directional Bias

Observations:

• Market shows a short-term bullish structure
• Recent CHoCH confirms bullish intent
• Price is approaching:
  • Equal highs / NY session highs (~1.1715–1.1720)

ICT Concepts:

• Liquidity Pool: Equal highs above current price
• Demand Zone: 1.1680–1.1700
• Inefficiency (FVG): Below current price

Trade Levels:

• Buy Zone: 1.1680–1.1700
• Sell Zone: 1.1720–1.1750

Bias:

• Expect liquidity sweep above highs first
• Then either:
  • Continuation
  • Or reversal depending on reaction

15M Timeframe – Intraday Setup Formation

Session Behavior:

• Asia: Consolidation (range building)
• London: Expansion (bullish impulse)
• New York: Liquidity engineering phase

Current Structure:

• Market has:
  • Broken structure to the upside (BOS)
  • Printed a higher low near 1.1690
• Price is now testing NY AM highs

Key SMC Elements:

• EQH (Buy-side liquidity): 1.1715–1.1720
• NYAM High: Liquidity magnet
• Demand Zone: 1.1690–1.1700

Trade Logic:

• High probability sequence:
  1. Sweep highs
  2. Tap into intraday supply
  3. Decide continuation vs reversal

5M Timeframe – Execution Model

This is the primary timeframe for sniper entries using ICT precision.

Model 1: Buy Continuation (Primary Setup)

Conditions:

• Price pulls back into 1.1690–1.1700 demand
• Forms:
  • Higher low
  • Bullish CHoCH

Entry:

• Buy: 1.1690–1.1700
• Stop Loss: Below 1.1675
• Targets:
  • TP1: 1.1720
  • TP2: 1.1750
  • TP3: 1.1780

Model 2: Liquidity Sweep Reversal (Advanced Setup)

Conditions:

• Price sweeps 1.1720 highs
• Forms rejection (wick + displacement)
• Breaks structure bearish (CHoCH)

Entry:

• Sell: 1.1720–1.1740
• Stop Loss: Above 1.1760
• Targets:
  • TP1: 1.1700
  • TP2: 1.1680
  • TP3: 1.1650

Model 3: Range Expansion Breakout

Bullish Breakout:

• Strong break above 1.1720
• Retest → continuation

Bearish Breakdown:

• Break below 1.1680
• Retest → continuation lower

High-Probability Scenarios

Bullish Continuation (Primary)

• Hold above 1.1690
• Sweep highs → continuation

Targets:

• 1.1720 → 1.1750 → 1.1780

Liquidity Grab Reversal

• Sweep above 1.1720
• Sharp rejection

Targets:

• 1.1700 → 1.1680

Deeper Pullback

• Failure to hold 1.1680
• Move into 1.1650 demand

Liquidity Map

Buy-Side Liquidity:

• 1.1720 (equal highs)
• 1.1750–1.1780 (4H supply)
• 1.1800 (major liquidity)

Sell-Side Liquidity:

• 1.1680 (intra-day lows)
• 1.1650 (4H demand)
• 1.1550 (macro demand)

Risk Management & Execution

• Risk: 0.5%–1% per trade
• Use partials at logical liquidity points
• Avoid entries without:
  • Liquidity sweep
  • Structure confirmation

Entry Checklist:

• Liquidity taken ✔️
• CHoCH/BOS ✔️
• Displacement ✔️
• Entry at OB/FVG ✔️

Final Trading Outlook

• Short-term bias: Bullish (with caution near highs)
• Primary strategy: Buy dips into demand
• Secondary strategy: Sell after liquidity sweep

The market is currently in a retracement phase within a broader range, with price approaching intraday liquidity pools. The most probable path is a liquidity sweep above highs, followed by either continuation or a reversal depending on institutional positioning.

Sniper Trade Summary

• Buy Zone: 1.1690–1.1700
• Sell Zone: 1.1720–1.1740
• Key Targets:
  • Upside: 1.1750–1.1780
  • Downside: 1.1680–1.1650

Related Forex Analysis

Compare with eurusd previous outlook, USDCHF daily outlook, and AI forex trading signals.

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