EUR/USD Short Setup: Watching for a Push Higher Before Rejection

EUR/USDShortIntraday3h ago0 views

Trade Setup

Entry Price

1.0844

Stop Loss

1.0921

Take Profit

1.0729

Risk : Reward

1 : 1.49

RiskReward

Hey KoraFX fam, what's up? Emily from Boston here, diving into EUR/USD today. Been seeing a lot of sideways action, but I've got my eye on a potential short play.

The Chart Says...


Right now, EUR/USD is chilling around 1.08286, and it's been a bit of a mixed bag, down about 0.2% in the last 24 hours. The overall trend has definitely been sideways, bouncing between 1.07966 and 1.08607. I'm seeing some pretty clear resistance up around 1.0861, and then another level at 1.09. For my setup, I'm looking for a push higher, maybe a retest towards that day's high or even slightly above, before a rejection. This would be a classic setup right here if it plays out.

What Else is Moving the Needle?


On the fundamental side, it feels like the market

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