EUR/USD: Bearish Bias as Resistance Holds

Market Outlook

EUR/USD trading sideways, currently at 1.08269 after a -0.21% drop. Price saw resistance around 1.0862 earlier today. This rejection suggests bears are still in control despite the tight range. The trend is your friend, and I'm seeing signs of renewed downward momentum forming. Watching closely for a break.

Trade Setup: Short Scalp

My play is a short scalp. Entering EUR/USD at 1.0835. US Dollar strength is gaining traction on hawkish sentiment, providing a fundamental push. Technicals align, targeting a break below the immediate 1.0792 support, potentially heading towards 1.075 and beyond.
* Entry: 1.0835
* Stop Loss: 1.0877
* Take Profit: 1.0731