EUR/USD Short Opportunity: Navigating Resistance in a Sideways Market

Technical Analysis & Setup Rationale

The EUR/USD pair is currently trading at 1.08601, exhibiting a clear sideways trend within its recent range. My analysis indicates that the pair is encountering significant resistance at the 1.0875 level, which has effectively capped upside movements within the day's range of 1.0845 to 1.08752. This level is a crucial pivot for short-term direction.
My swing trade setup is predicated on a rejection from this resistance zone. I am initiating a short position at 1.0865. This entry point is strategically chosen just below the immediate resistance at 1.087