EUR/USD Intraday Short: Waiting for the Setup at Resistance

Alright team, let's talk about EUR/USD. This pair has been pretty much in a sideways trend lately, currently sitting around 1.08319. It's down a bit today, about -0.17%, and has been range-bound between 1.08048 and 1.0859. Given this, I'm looking for a short opportunity on an intraday timeframe.

The Technical Play

My plan is to wait for a push up towards recent resistance before entering. I'm looking to short EUR/USD at 1.0845. This level is just below the 1.0859 resistance we saw earlier today, giving us a good spot if it retests that area. My Stop Loss is set at 1.091, which is above the 1.09 resistance level, giving the trade some room but keeping my risk tight. For Take Profit, I'm targeting 1.0747, which sits nicely above the 1.075 support level. Classic setup right here, riding that potential pullback within the range.

Market Context & Risk

While the charts are showing a clear range, we always need to consider the broader market. There’s been some underlying demand for the