$EURUSD | 1H Trade Setup Update Position: 🔴 Short

$EURUSD | 1H Trade Setup Update

Position: 🔴 Short

Trade Details:
• Entry: 1.10917
• Stop Loss: 1.10963
• Take Profit: 1.10596

● Current Analysis: EUR/USD is finding strong support at the 0.786 Fibonacci level, with bullish divergence noted in both rising momentum and increasing money flow. The pair is also attempting to break above the 200-period moving average.

● Technical Indicators: Bullish Divergence: Momentum and money flow are rising, confirming bullish pressure. Stochastic RSI: Elevated, indicating potential overbought conditions.

● Outlook: Monitor for sustained support at the 0.786 Fibonacci level and a successful breakout above the 200-period moving average. The convergence of these technical indicators points to a favorable outlook for continued upward movement in EUR/USD.