Fading the EUR/USD Bounce: A Swing Short Setup from Resistance

Technical Confluence for a Short Reversal

EUR/USD is currently trading around 1.08739, having seen a modest 0.22% gain over the last 24 hours. The day range, stretching from 1.08381 to 1.09097, clearly illustrates the sideways grind we've been experiencing. While we've observed a slight bounce, price action is now approaching a critical resistance zone. My analysis indicates a strong confluence around the 1.09 to 1.091 level, which has acted as a ceiling previously. We also have the 1.095 resistance level just above, representing a clear rejection point for any significant upward pushes. The current move up appears to be losing steam