Fading the EUR/USD Resistance: A Contrarian Short Setup

Technical Thesis: Testing a Pivotal Resistance

The EUR/USD pair is currently trading at 1.08495, caught in a rather tight sideways trend, as evidenced by its day range of 1.08486 to 1.08503. For me, this consolidation often signals a potential breakout or a strong rejection at a key level. My focus is on the resistance at 1.085. We've seen this level act as a significant barrier previously, and the current price action suggests we're once again key level being tested.
My setup involves initiating a short position at 1.085. This is a very precise entry, targeting a fade of any strength into this established resistance. The tight stop loss at 1.0851 is critical here; a move above this suggests the resistance is breaking, invalidating my thesis. The immediate support at 1.0849 is just below the current price, but my target is set lower at 1.0847, looking for a quick rejection from 1.085 down to