EUR/USD: Sideways Grind, Eyeing a Short From Resistance.
EUR/USDShortSwing1w ago2 views
Trade Setup
Entry Price
1.0843
Stop Loss
1.0935
Take Profit
1.0705
Risk : Reward
1 : 1.50
RiskReward
Market Scan & Technicals
EUR/USD is stuck in a sideways trend, currently at 1.08245. We've seen the day range between 1.07863 and 1.08627. Price is holding below key resistance around 1.085 and 1.0863. The bearish candle yesterday, down 0.23%, suggests continued pressure. My technical read points to potential rejection off these levels.
The Setup & Rationale
Taking this trade with a short entry at 1.0843. This puts us just under the established resistance. The market's general cautious sentiment and potential for renewed USD strength (a fundamental factor) could push EUR/USD lower. Levels are clear. Stop Loss is set tight at 1.0935, above the 1.
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