EUR/USD Short: Playing the Resistance in a Sideways Market

EUR/USDShortIntraday5h ago4 views

Trade Setup

Entry Price

1.0855

Stop Loss

1.0865

Take Profit

1.0840

Risk : Reward

1 : 1.50

RiskReward

Hey everyone, Eunbi here from Incheon! Just looking at EUR/USD and wanted to share my thoughts for an intraday play. The pair is currently chilling at 1.08527, barely moving with a 0.03% change over 24 hours. The day range is super tight, only between 1.08486 and 1.08568, definitely signaling a sideways trend right now. Fundamentally, it feels like the market is just waiting for a fresh catalyst, maybe some US data later, to really pick a direction.

Spotting Resistance for a Short Opportunity

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