EUR/USD Intraday Long: Spotting a Rebound from Key Support**

Alright team, George here from Birmingham, looking at a potential intraday long setup on EUR/USD. The market's been a bit choppy lately, but I'm seeing something interesting shaping up.

Current Market Vibe & Technicals

EUR/USD is currently hovering around 1.0864, showing a slight positive change of 0.13% over the last 24 hours. We're still in a sideways trend overall, with the day range bouncing between 1.0843 and 1.08849. What's caught my eye is the bounce we've seen from that 1.0843 support level. For me, that's a key technical cue. I always say, "Charts don't lie," and right now, the chart is hinting at some buying pressure trying to step in around this area. It also sits nicely above the stronger 1.08 support, which gives us a bit of a buffer.

My Intraday Playbook

Given the bounce, I'm eyeing a long entry at 1.0854 for an intraday move. My stop loss is set quite conservatively at 1.0804, just below that 1.08 major support level. This gives us room for a little volatility without getting chopped out too easily, while still protecting the capital. My take profit target is up at 1.0929. This puts us nicely into the higher resistance zones around 1.09 and 1.095, aiming for a retest of those levels if the momentum picks up. Fundamentally, we're seeing a bit of a softer dollar sentiment early this week, which could give the Euro the nudge it needs to push higher. If that underlying sentiment continues, this one could be a beauty.

Trust the Process

It's all about managing risk and letting