EUR/USD Short Play: Riding the Sideways Trend, Easy Money if You're Patient!

What's up, KoraFX fam! Taking a look at EUR/USD today, and it’s been mostly sideways recently, hovering around 1.08243. We've seen a slight dip of -0.24% over the last 24 hours, which isn't huge, but it's enough to keep me leaning towards a short setup. The day range has been pretty tight, between 1.07857 and 1.08629. I'm seeing an opportunity to play this range with a swing trade.

Technical Breakdown

The chart is screaming "sideways" to me, and that means we gotta respect the boundaries. I'm eyeing a short entry around 1.0843. This is just below the 1.085 resistance level and well within the day's high of 1.08629, which gives us a good spot if it retests that area before rolling over. My stop loss is set conservatively at 1.0936, which is safely above the 1.09 resistance, protecting us if the trend tries to break out higher. For profit, I'm targeting 1.0704, just above