EUR/USD: The Sideways Squeeze - Preparing for a Breakdown Below 1.08

Technical Confluence Pointing South

My analysis on EUR/USD indicates a strong likelihood of a downside move, despite the current sideways trend. The pair is presently trading at 1.08203, showing a -0.27% change over the last 24 hours, struggling to hold any upward momentum. We saw it reach 1.08648 earlier in the day, but it couldn't sustain the push. I am looking to initiate a short position at 1.0835. This level sits just below the immediate resistance at 1.085 and provides an excellent entry as the pair retests prior highs before a potential rejection. The Day Range of 1.07758 — 1.08648 clearly shows price compression, and I believe the market is primed for a clear direction soon. My