$EURUSD | 1H Trade Setup Update Position: 🟢 Long

$EURUSD | 1H Trade Setup Update

Position: 🟢 Long

Trade Details:
• Entry: 1.11109
• Stop Loss: 1.10991
• Take Profit: 1.11392

● Current Analysis
EUR/USD is holding support at the 0.786 Fibonacci level, with bullish divergence seen in rising momentum and money flow. The pair is also testing a breakout above the 200-period moving average, signaling potential bullish strength.

● Technical Indicators
- Bullish Divergence: Momentum and money flow rising, suggesting increased bullish pressure.
- Stochastic RSI: Elevated, indicating possible overbought conditions.

● Outlook
Watch for continued support at the 0.786 Fibonacci level and a potential breakout above the 200-period moving average. If confirmed, this could trigger further upward movement in EUR/USD despite the short position.