EUR/USD Intraday Long: Targeting 1.088 After Bounce

Technical Setup

EUR/USD is range-bound, currently trading around 1.08405. The immediate support at 1.0826 held strong today, marking the low of the day range. This sets up a solid bounce play. My entry is set at 1.0837, catching the momentum shift. Simple is best – we're looking for a short-term push back up within the sideways trend.

Trade Plan

Going long at 1.0837. Stop loss is tight at 1.082, just below that intraday support. We're targeting 1.088. This level is a good first take profit, sitting below the next major resistance at 1.09. Watching for any fresh USD weakness to fuel this move. Let it play out.