EUR/USD: Tight Range Play, Ready for a Pop
EUR/USDLongIntraday4h ago1 views
Trade Setup
Entry Price
1.0850
Stop Loss
1.0849
Take Profit
1.0853
Risk : Reward
1 : 3.00
RiskReward
EUR/USD Intraday Setup
Market's been quiet, EUR/USD stuck in a tight range, current price 1.08506. We're seeing immediate support holding around 1.085. The day's range is barely moving, 1.08497 to 1.08516. This sideways action often precedes a move. Technicals point to a potential bounce off this support.
My Trade
I'm looking long here.
Entry: 1.085
Stop Loss: 1.0849
Take Profit: 1.0853
It's a tight scalp, playing the immediate bounce from support 1.085 towards the next resistance at 1.0852, just above the current day's high. Watching closely for momentum. No major catalysts expected, so technicals driving this one. The trend is your friend, but sometimes you gotta scalp the range until it breaks.
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