EUR/USD Short: Targeting Downside Pressure in Sideways Action

EUR/USDShortIntraday4h ago1 views

Trade Setup

Entry Price

1.0835

Stop Loss

1.0877

Take Profit

1.0731

Risk : Reward

1 : 2.48

RiskReward

EUR/USD Setup: Clear Levels for an Intraday Short


Alright team, eyeing EUR/USD. It's trading at 1.08269 right now, caught in a sideways grind. However, the last 24 hours show a -0.21% move, a subtle bearish bias setting in. I'm looking to capitalize on this short-term pressure. The levels are clear for a quick intraday play.

Technicals & Rationale


Despite the wider sideways trend, I'm watching for a push towards 1.0835 to go short. My stop is tight at 1.0877, just above the daily high of 1.08615 and the 1.0862 resistance. The trend is your friend, even within a range

Comments

Loading comments...