EUR/USD: Fading the Bounce into Resistance for a Swing Short

Technical Confluence Point for a Reversal

Alright team, let's dissect EUR/USD. While we've seen a slight uptick over the last 24 hours, currently sitting at 1.08655, the pair has been trading in a persistent sideways trend. However, I see a clear setup forming for a short position as we approach a critical resistance zone. The daily range has been 1.08422 to 1.08888, and my entry point at 1.0873 positions us perfectly to fade any further push towards the key 1.