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

$EURUSD | 1H Trade Setup Update

Position: 🟢 Long

Trade Details:
• Entry: 1.09234
• Stop Loss: 1.08984
• Take Profit: 1.09636

● Current Analysis:
EUR/USD is currently in a consolidation phase, with the price hovering around the nPOC (Naked Point of Control) and the 0.618 Fibonacci level. The pair is showing potential for both a long and short trade, depending on upcoming price action.
- Potential Short Trade Zone: A short setup is being watched near 1.09763 at the 0.786 Fibonacci level, with key indicators like bearish divergence across multiple timeframes (4H, 1H, 24M, 12M) signaling potential downward movement.
- Potential Long Trade Zone: A long setup near 1.087, with support seen around the 0.786 Fibonacci level and divergence-based signals providing a bullish case.

● Technical Indicators:
- Momentum: Slightly rising, indicating a shift towards bullish sentiment.
- Volume: Steady but relatively low, suggesting indecision or awaiting further market catalysts.
- Stochastic RSI: Overextended in the bearish zone, but starting to turn upwards, which could lead to a bullish reversal soon.

● Outlook:
Watch for a breakout or rejection around the current nPOC. If the price can successfully break above the 1.09355 area, we might see the pair push toward the daily open at 1.09636. Alternatively, a breakdown below 1.09208 could trigger bearish momentum towards the S/R flip at 1.08984. Caution is warranted, as the price is near key resistance and support zones, and divergence across multiple timeframes suggests mixed signals.