EURUSD has reached 2570 PRE FOMC (16th DEC) and the market was clearly waiting for the development of PA after FOMC. The price has made a new top at 2570. The next rally came from 2385 to 2470 and it failed. That makes those 2 levels very important in he future. 2470 and 2570- rounded out.
New possibility for shorts might come around 2360 and 2390. For position trades i am always suggesting stronger pullback to POC. We have potentially 2 important levels. 2360 and 2390 if we get the pullback to. 2360 is the shallow retracement to 23.6 and previous sellers confluence and it can be used for scalp swings. Better confluence comes at 2395 region, where multitude of resistance lies. Inner trend line, outer trendline ,H3, DPP, 38.2. 2395 region could be used for intraday/week positioning towards 2300 and 2260/45 subsequently.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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