EUR/USD: Short Opportunity as Resistance Holds Firm

Technical Analysis & Price Action

The EUR/USD pair is currently trading at 1.08308, reflecting a minor 24-hour decline of -0.18% (-0.00192). The market has been exhibiting a distinct sideways trend, with the day's range confined between 1.08021 and 1.08596. My analysis indicates that price is struggling to sustain moves above the 1.086 resistance level. While the pair has attempted to push higher, these moves have consistently lacked conviction, suggesting sellers are active at these upper