EUR/USD Intraday Fade: Shorting the 1.085 Resistance for a Quick Reversal

The Intraday Setup: Fading Resistance at 1.085

Good morning, traders! My focus is locked on EUR/USD today, which is currently sitting at 1.08497. The market has been exhibiting a distinct sideways trend over the last 24 hours, with an incredibly tight day range between 1.08493 and 1.08501. This kind of compressed price action often precedes a sharp move, and I believe the immediate resistance at 1.085 is an ideal spot for an intraday fade.
My analysis suggests that despite the market's attempt to push higher, there's clear rejection around the 1.085 level. We've seen prices tap this resistance and fail to sustain any momentum above it. This indicates selling pressure coming in, likely from algorithms or larger players looking to cap any rallies. The confluence is strong here; 1.085 is not just an arbitrary number but a level that has repeatedly capped upside in this tight range.

Execution & Risk Management: A Precise Short

For this intraday play, my entry is set at 1.085, looking for that precise touch and immediate rejection. My stop loss is exceptionally tight at 1.0851. This isn't about giving the trade room to breathe; it's about identifying a very specific point of failure. If price manages to hold above 1.0851, my thesis for this particular short