EUR/USD: Sideways Play Setting Up For A Push Higher

EUR/USD Technical Outlook

EUR/USD is currently grinding sideways, trading at 1.08628. We've seen it bounce off the 1.0844 support area recently, which is near the low of today's 1.08436 - 1.08821 range. This indicates some underlying buying interest at these levels, despite the overall flat trend over the last 24 hours (up only 0.12%). The market is consolidating, setting up for a potential move.

My Intraday Trade Plan

I'm looking for a long entry at 1.0858, anticipating a push from current levels. My Stop Loss is set tight at 1.0835, just below that key 1.08