EUR/USD: Fading the Recent Bounce – Short Opportunity Around 1.0888

The EUR/USD has seen a modest bounce over the last 24 hours, currently trading around 1.08758, up 0.24%. While some might see this as a sign of renewed strength, my analysis suggests otherwise. I'm looking to fade this move, anticipating a return to the downside given the confluence of technical resistance and underlying fundamentals.

Price Action & Resistance Zone

Looking at the intraday charts, EUR/USD has struggled to break cleanly above the 1.0900 psychological level, and the day's range topping out at 1.09146 suggests strong supply coming in. We have significant resistance at 1.0915, quickly followed by the more formidable 1.095 level. The current sideways trend indicated by the market data reinforces this view