EUR/USD: Sideways Grind, But I'm Eyeing a Short Play!

Current Market Vibe on EUR/USD

Hey everyone! Hope your week is starting strong. Looking at EUR/USD, it's been a real sideways grinder lately, hasn't it? The pair is currently hovering around 1.08717, after a small 0.2% jump over the last 24 hours. We've seen it bounce between 1.08392 and 1.09042 today, which really shows that lack of clear direction. It just can't seem to make up its mind. For me, that usually means a bigger move is brewing, and I'm leaning towards a downside break here.

My Intraday Short Setup

With the market struggling to clear that 1.0904 resistance (which was today's high, by the way), I'm seeing a potential short opportunity. I'm looking to enter around 1.0887. Technically, the pair has been rejected multiple times around the 1.09 psychological level, and even 1.095 feels like a strong ceiling further up. My stop loss is set at 1.0965, just above that 1.095 resistance, keeping my risk nice and conservative. For fundamentals, I'