EUR/USD: Is a Drop Brewing in This Sideways Market? My Swing Play

EUR/USDNeutralSwing5h ago4 views

Trade Setup

Entry Price

1.0840

Stop Loss

1.0886

Take Profit

1.0748

Risk : Reward

1 : 2.00

RiskReward

Current Market Vibe


Hey KoraFX fam! Taking a look at EUR/USD today, and it's definitely been in a sideways grind. We’re currently hovering around 1.08307, which is pretty much flat for the day, down just 0.18%. The daily range has been pretty tight, from 1.08019 to 1.08596. This tells me the market isn't picking a strong direction right now, keeping us range-bound.

My Technical Take


Despite the sideways action, I'm eyeing a potential short opportunity

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