FX.co ★ EUR/USD

For EURUSD on the H1 timeframe. The pair is trading below the day's opening level of 1.1715 and near the daily Pivot level of 1.1705. Key indicators show a bearish trend and the price is below the MA72 trend line, where volume unloading usually occurs. Above the level of 1.1705, I expect the pair to rise to the level of 1.1715 and possibly 1.1720 and higher. Below the level of 1.1705, I expect the pair to decline to the level of 1.1697 and possibly 1.1675 and lower. EUR/USD is trading above the monthly Pivot level of 1.1586 (previous 1.1827), below the weekly Pivot level of 1.1726 (previous 1.1758), and near the daily Pivot level, indicating a corrective sentiment for the pair. The current pivot level for this session is 1.1705. The first resistance level is 1.1720, the first support level is 1.1697.