Technical Indicators Align for a Bullish Turnaround in EUR/USD Trading - A Convergence of Signals Points to Potential Upside Movement
In this trading idea, we will explore the potential long position opportunity in the EUR/USD market on the 1-hour timeframe. We'll discuss the technical analysis that supports our thesis, including the 78.6% Fibonacci retracement level, Wedge bottom formation, RSI divergence, and price action signals. This analysis will guide us in identifying a compelling trade setup with a favorable risk-to-reward ratio.