EUR/USD Short Play: Is it Time for a Drop? My Swing Idea!
EUR/USDShortSwing3h ago2 views
Trade Setup
Entry Price
1.0849
Stop Loss
1.0868
Take Profit
1.0820
Risk : Reward
1 : 1.53
RiskReward
Yo KoraFX fam, Dayo here! Hope everyone's having a good trading week. I've been eyeing EUR/USD, and it's looking pretty interesting for a potential swing short. Currently, we're chilling around 1.08447, and it's been a sideways grind, honestly. The pair is down slightly (-0.05%) over the last 24 hours, but nothing major.
Technical Read: Bouncing Off Resistance?
Looking at the charts, EUR/USD has been stuck in a pretty tight range today, from 1.08366 to 1.08527. What's catching my eye is how it's flirting with the 1.0853 resistance level. My thesis for a short is that we'll see a rejection there
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