EUR/USD: Positioning for a Bounce Amidst Sideways Consolidation – My Detailed Long Setup

Current Market Landscape & Technical Outlook

Good morning, KoraFX community. Oliver Patel here from Leeds, ready to walk you through my latest analysis on EUR/USD. Currently, the pair sits at 1.08312, having seen a slight dip of -0.00188 (-0.17%) over the last 24 hours. The day range has been fairly contained, fluctuating between 1.08029 and 1.08594, indicating a clear sideways trend, as the data suggests.
Despite this recent minor pullback and the prevailing sideways consolidation, I am eyeing a long opportunity. There are several factors at play here. From a technical perspective,