EUR/USD: Fading the Daily Bounce into Key Resistance – A Clear Short Setup

Technical Setup: Waiting for the Overextension

The EUR/USD pair has seen a modest bounce today, currently trading at 1.08763, up 0.24% from yesterday's close. This move has pushed it towards the upper end of its intraday range, which sits between 1.08369 and 1.09157. While many might be tempted to chase this daily momentum, my analysis suggests otherwise. We are approaching a critical resistance zone, with 1.0916 being the