EUR/USD Short: Range Resistance & Downside Target
EUR/USDShortIntraday3h ago3 views
Trade Setup
Entry Price
1.0858
Stop Loss
1.0869
Take Profit
1.0831
Risk : Reward
1 : 2.45
RiskReward
Market Outlook
EUR/USD is stuck in a sideways chop around 1.08561. The day range, 1.0847 — 1.08651, is tight. Price is currently pushing against resistance at 1.0865. The trend is your friend, but even sideways markets present opportunities if you catch the turn.
My Play
Watching for a short entry at 1.0858. My Stop Loss is set tight at 1.0869, just above the daily resistance. I'm targeting 1.0831, anticipating a rejection from current levels and a push below the 1.0847 support. Technicals suggest a bearish continuation if resistance holds. A slight shift in DXY sentiment could fuel this move. Watching closely for confirmation.
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