EUR/USD: Range Play or Break? Targeting Deeper Support Intraday

Market Read

EUR/USD has been choppy, stuck in a sideways trend recently, hovering around 1.08256. We saw a decent move down over the last 24h, dropping -0.22%. That tells me there's some underlying bearish pressure despite the range. The trend is your friend, even within a range, and I'm watching for a push lower.

Technical Setup: Short Opportunity

Looking to fade any bounce for a short. Entry at 1.0834 makes sense, playing off that recent weakness and potential retest of resistance before a drop. My Stop Loss is tight at 1.0878, just above the 1.0862 resistance. The aggressive target is 1.0724, looking for a strong move past 1.0789 and 1.075 support levels. The dollar strength narrative could provide the catalyst needed.
Watching closely.