EUR/USD: Clean Setup for a Long Scalp

Technical Read

EUR/USD is range-bound right now, sitting around 1.08664 after bouncing from the 1.0842 support level earlier in the day. The current 0.15% push shows some buyers stepping in. Levels are clear: we saw a test of the 1.0842 support. "The trend is your friend" – even in a sideways market, we can catch short-term moves.

My Play

I'm looking for a quick scalp long here. Entry at 1.086, targeting the 1.0934 area. That takes us beyond the day's high of 1.0891 and towards the next resistance at 1.09. Stop loss set tight at 1.083. This is an aggressive play, acknowledging the sideways trend but capitalizing on the immediate technical bounce. Taking this trade. Let's see how it runs.