EUR/USD: Fading the Sideways Drift at Key Resistance – A Swing Short Setup

Technical Confluence at Resistance

The EUR/USD pair is currently trading at 1.08521, hovering right at the upper end of its very narrow 24-hour range of 1.08489 to 1.08553. The overall trend has been notably sideways, but what catches my eye is how consistently the 1.0855 level has acted as a ceiling. My analysis suggests that rather than anticipating a breakout, the market is presenting a prime opportunity to fade this immediate resistance.
We're looking at a short entry around 1.0853. This is strategically placed just under the 1.0855 resistance level. The