EUR/USD: Sideways Squeeze or Breakout Bound? My Eyes Are On This One!

The Current Vibe: Choppy Waters

Alright team, let's talk EUR/USD. This pair has been a bit of a grind lately, stuck in a proper sideways trend. We're currently hanging around 1.08231, with a 24-hour drop of about 0.25%. The day range, from 1.07827 to 1.08635, really highlights just how tight things are. We’ve seen some bounces but nothing sustained, and the charts are telling me we're coiled up for a move.

Technicals & My Setup

Looking at the levels, we've got some solid resistance coming in at 1.085 and then strongly at 1.0864. Below