EUR/USD Short Setup: Waiting for the Dip, Charts Don't Lie!

Hey KoraFX fam! Eunbi here, checking in with a swing trade idea for EUR/USD. This pair has been pretty much chilling sideways lately, hovering around 1.08385 right now, down slightly by 0.11% in the last 24 hours. The day range has been tight, from 1.08213 to 1.08557, which tells us there's a bit of indecision. But I'm eyeing a potential short here.

Technical Breakdown: Resistance Ahead?

Looking at the chart, EUR/USD is currently struggling to push past the upper end of its daily range. We've got a clear resistance level at 1.0856, and the price is currently sitting just below that. My plan is to short at 1.0847, anticipating a rejection from this resistance area. My stop loss is set at 1.0888 – giving it some breathing room above the next major resistance at 1.09, just in case, but keeping risk tight. For the take profit, I'm aiming for 1.0785. This level sits nicely above the 1.075 support, which could be a strong magnet if the price breaks below 1.0821 and then 1.08. Charts don't lie,