EUR/USD Long Setup: Catching a Bounce in the Sideways Grind

Hey everyone, Vihaan here! Hope you all are having a great trading week. Been watching EUR/USD closely and it's been a bit of a sideways chopfest lately, as we know. Currently sitting at 1.08769, after a nice little 0.25% pop in the last 24 hours. I'm seeing a potential swing long setup brewing here.

Market Glimpse & Technicals

The market's been ranging between 1.08366 and 1.09172 today, showing that persistent sideways trend. However, I'm looking at the bounce we've seen from around the 1.0837 and 1.085 support zones. Charts don't lie, and that hold around support is looking pretty decent. My technical analysis suggests there's some underlying buying interest here, especially if we can maintain above 1.085. We might even retest the higher end of today's range near 1.0917 soon.

Why I'm Leaning Long

While macro factors are keeping things consolidated, I feel like some recent USD weakness sentiment could give the Euro a push. My entry for this swing trade is at 1.0858, which is just above that 1.085 support, giving us a good