EUR/USD Short: Pressure Building. Watching for the Break.

Market Outlook

EUR/USD is range-bound, currently at 1.08234. Don't let the "sideways" trend fool you; the 24h change of -0.25% shows underlying bearish pressure. Price is struggling below the 1.0863 resistance. The trend is your friend, and here, the short-term momentum is clear.

The Play: Short EUR/USD

I'm eyeing a short position. We've seen rejection around 1.085, and selling pressure is real. My entry is set at 1.0833. This move anticipates a push through initial support at 1.0783, driven by a general shift towards USD strength. Aggressive, yes, but the technicals align.

Levels & Targets

Stop Loss is tight at