EUR/USD Long Setup: Riding the Dip for a Breakout Above 1.09 – Position Trade Outlook

Fundamental Tailwinds and Technical Confluence

Considering the current market conditions, EUR/USD is trading around 1.08619, showing a modest 0.11% gain over the last 24 hours. While the immediate trend is sideways, oscillating within a day range of 1.08441 to 1.08797, I see a compelling setup for a long position. Looking at the full picture, recent data out of the Eurozone