EUR/USD: Short Opportunity as Resistance Holds?

Market Check & My Current View

Hey KoraFX fam! Zeynep here, checking in from Izmir. Let's talk EUR/USD today. We're pretty much stuck in a sideways trend, which isn't exactly groundbreaking news, but it does mean we need to be sharp with our levels. Currently, EUR/USD is hovering around 1.08552, up just a tiny bit by 0.05% over the last 24 hours. The day range has been super tight, from 1.08474 to 1.08629. I'm seeing resistance holding strong around 1.0863, which is right at the top of today's moves.
Fundamentally, with the dollar showing a bit of underlying strength and no major catalysts really pushing the Euro right now, I'm leaning towards a potential pullback. Technicals are lining up nicely with this view.

My Swing Trade Setup

Given this confluence, I'm eyeing a short position on EUR/USD for a swing trade. The idea is to catch a potential rejection off that 1.0863 resistance zone.
* Direction: Short
* Entry: 1.0859 – Just under that resistance, waiting for confirmation.
* Stop Loss: 1.0878 – A clean break above the 1.0863 resistance would invalidate this idea for me.
* Take Profit: 1.0831 – Targeting a move down towards the 1.0847 support, and potentially even touching the 1.08 big psychological level.
This feels like a classic setup right here, playing the range until we get a clear