EUR/USD Short Play: Tight Range, Breakout Potential

Market Snapshot

EUR/USD is locked in a tight range, currently trading around 1.08509. The 24h change is minimal at 0.01%, reflecting the sideways trend. Day range is incredibly narrow, from 1.08496 to 1.08522. We’re sitting right on the 1.085 support level, with immediate resistance just above at 1.0852. Looks like market is awaiting fresh catalysts to push it one way or another.

Technical Setup: Short Entry

Despite the tight range, I'm eyeing a short position here. Price is hovering around initial resistance and failing to gain traction. My setup: Entry at 1.0851. Looking for a rejection from the 1.0852 resistance zone and a break below current support. This is a quick intraday