EUR/USD Short Play: Waiting for the Bounce Before the Drop?

Hey KoraFX fam! Hope everyone's having a good week. Checking out EUR/USD today, it's been a bit of a tricky one, just chilling sideways around 1.08177 after dipping about 0.3% recently. The daily range has been from 1.07692 up to 1.08662, showing we're really stuck between those lines.

The Chart's Story

Even with the sideways action, I'm eyeing a potential short setup for an intraday move. The chart shows some strong resistance around 1.085 and especially at 1.0866. My plan is to wait for price to push up towards 1.0841 – maybe test that resistance zone one more time – before looking for a rejection. My Stop Loss is set relatively wide at 1.0957, just above that 1.09 psychological level, giving it some room. This looks juicy if we get that push up and then rejection.

Watching the Macro Winds

Fundamentally, I'm keeping an eye on any hints of further divergence between the ECB and the Fed. Any hawkish comments from the US side or continued weaker economic data from the Eurozone could give the US Dollar the edge it needs to push EUR/USD lower. While we're range-bound, a