For
EURUSD on the H1 timeframe. The pair is trading above the day's opening level of 1.1330 and below the daily Pivot level of 1.1353. Key indicators show bearish signals and the price is below the MA72 trend line, where volume distribution usually occurs. Above the level of 1.1340, I expect the pair to rise to the level of 1.1357 and possibly 1.1390. Below the level of 1.1340, I expect the pair to decline to the level of 1.1300 and possibly 1.1270. EUR/USD is trading above the monthly Pivot level of 1.0719 (previous 1.0371), below the weekly Pivot level of 1.1359, and below the daily Pivot level, indicating a corrective sentiment for the pair. The branching point for this session is the level of 1.1340. The resistance level is at 1.1353, with the first support level at 1.1330.
