EUR/USD: Shorting the Top of the Sideways Channel Amidst Diverging Fundamentals

The Bigger Picture: Navigating the Sideways Trend with a Fundamental Lens

Good morning, KoraFX community. I've been meticulously observing EUR/USD, and while the pair currently finds itself in a clear sideways trend, trading within the 1.0838 to 1.0912 range for the better part of the last few sessions, I believe the bigger picture is important here. We've seen a slight uptick over the past 24 hours, with the pair up 0.23% to 1.08748, touching a daily high of 1.0912. This might suggest upward momentum to some, but from my perspective, there are several factors at play here that point to potential downside, especially as we approach key resistance levels.
Fundamentally, the divergence in monetary policy expectations between the European