FX.co ★ EUR/USD

For EURUSD period H1. The pair is trading above the day's opening level of 1.1535 and above the daily Pivot level of 1.1548. Key indicators show a northward direction and the price is above the MA72 trend line, where volume unloading usually occurs. Above the level of 1.1567, I expect the pair to rise to the level of 1.1572 and possibly 1.1595 and higher. Below the level of 1.1567, I expect the pair to decline to the level of 1.1548 and possibly 1.1535 and lower. EUR/USD is trading below the monthly Pivot level of 1.1676 (previous 1.1695), near the weekly Pivot level of 1.1567 (previous 1.1643) and above the daily Pivot level, indicating a corrective sentiment for the pair. The current fork at this session's weekly Pivot level is 1.1567. The first resistance level is 1.1573, the first support level is 1.1548.