EUR/USD Looking Like a Classic Short Setup for a Swing Play

Hey KoraFX fam! Victoria here, just chilling in LA and charting up EUR/USD. It's been kinda choppy lately, definitely in a sideways trend, but I'm seeing something interesting setting up for a potential swing trade.

Chart Talk: Resistance Holding Strong

Right now, EUR/USD is hanging around 1.08342, and honestly, it's been dancing between 1.08106 and 1.08579 all day. Super sideways, right? What's catching my eye is how it's really struggling to break past that 1.0858 resistance level. It looks like that ceiling is holding pretty firm. To me, that's a classic setup right here for a rejection. My charts are whispering short.

My Trade Idea: Playing the Rejection

Given how the Euro has been struggling to catch a solid bid lately, and seeing that daily -0.15% change, I'm leaning towards a short play. I'm looking for an entry around 1.0846, just under that key 1.0858 resistance. For my stop loss, I'd place it conservatively at 1.0903, which gives it room past the 1.09 psychological level but keeps my risk tight. My take profit target is 1.0761, just above the 1.075 support. This aligns with my swing timeframe and conservative risk tolerance. What do you all think? Am I seeing this right, or missing something crucial? Always open to other perspectives!