FX.co ★ EUR/USD

For EURUSD period H1. The pair is trading below the day's opening level of 1.1610 and below the daily Pivot level of 1.1616. Key indicators show a bearish trend and the price is below the MA72 trend line, where volume unloading usually occurs. Above the level of 1.1595, I expect the pair to rise to the level of 1.1610 and possibly 1.1643 and higher. Below the level of 1.1595, I expect the pair to decline to the level of 1.1575 and possibly 1.1550 and lower. EUR/USD is trading below the monthly Pivot level of 1.1676 (previous 1.1695), below the weekly Pivot level of 1.1643 (previous 1.1612), and below the daily Pivot level, indicating a bearish sentiment for the pair. The current session's fork level is 1.1595. The first resistance level is 1.1616, the first support level is 1.1580.