EUR/USD: Sideways Grind, Waiting for the Sweet Spot

EUR/USDNeutralSwing3h ago3 views

Trade Setup

Entry Price

1.0843

Stop Loss

1.0935

Take Profit

1.0706

Risk : Reward

1 : 1.49

RiskReward

What's good, KoraFX family! Checking in on EUR/USD, and my oh my, this pair is really giving us that sideways energy right now. Current price is chilling at 1.08246, and we've seen a slight dip of -0.23% in the last 24 hours. The day range has been between 1.07864 and 1.08627, showing that indecision is the order of the day.

Technical View: Patience is Key


Looking at the charts, it's clear we're bouncing between our immediate support at 1.0786 and that stubborn resistance around 1.0863. I'm seeing a potential for this pair to retest higher, maybe even touch 1.0843, before potentially heading south. That's why my plan here is a swing trade, waiting for that sweet spot. If we get that push up and resistance holds, I'm looking for an entry around 1.0843. My stop loss is set a bit higher at 1.0935, just in case things get wild and we push past the 1.09 resistance level. For profit, I'm eyeing 1.0706, which sits nicely below the 1.075 support. Charts don't lie, and right now, they're showing us a waiting game.

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