EUR/USD: Shorting the Rejection - Patience Pays Off

Charting the Course: Technicals Pointing South

Alright team, let's dive into EUR/USD. We've seen it hanging around 1.08254 lately, and it's been a bit of a tricky one, staying in a sideways trend overall. The day range has been between 1.07886 and 1.08623, so it's been pretty contained. I'm eyeing a short setup here because we're bumping up against some key resistance levels. The 1.0862 level has been holding firm, and my entry at 1.0843 is looking for a retest and rejection around that zone. My stop loss is set at 1.0931, giving us some room above the 1.09 resistance just in case, but keeping risk conservative. If we get that rejection, I'm targeting 1.071. This looks juicy if we get the confirmation!

Fundamental Flavour & Risk Management

On the fundamental side, there'