EUR/USD Short Play: Is it Time for a Drop? My Swing Idea!

EUR/USDShortSwing3h ago3 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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