EUR/USD: Short Opportunity as Resistance Holds

EUR/USDShortPosition14h ago3 views

Trade Setup

Entry Price

1.0848

Stop Loss

1.0859

Take Profit

1.0827

Risk : Reward

1 : 1.91

RiskReward

Technical Structure and Entry Rationale


The EUR/USD pair is currently trading within a defined sideways trend, with the present price at 1.08456. Over the past 24 hours, the pair has seen a slight decline of 0.04%, indicating some underlying bearish pressure. Observing the daily range of 1.0839 to 1.08522, we can see the price is currently hovering near the upper boundary of this

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