EUR/GBP: Rejection at Resistance? A Swing Short Opportunity Ahead

Analyzing the Sideways Grind

Olá KoraFX community! Taking a closer look at EUR/GBP today. The pair is currently trading around 0.85718, having seen a minor dip of -0.1% over the last 24 hours. The overall trend remains clearly sideways, with the day range defined between 0.85594 and 0.85841. What's compelling here is how price action is hugging the upper end of this range, near our immediate resistance level of 0.8584. This recent pressure is a key factor in my current assessment.

My Technical View and Trade Setup

From a technical