Regarding the pair EUR/USD. The pair is trading above the day's opening level of 1.0640 and near the daily Pivot level of 1.0657. The main indicators show a bullish trend and the price is above the 72-period Moving Average trend line, where volume usually decreases. Above the level of 1.0657, the price will continue to move north towards the levels of 1.0675 and possibly 1.0685. If the price drops below the level of 1.0657, then I expect the pair to decline towards the levels of 1.0640 and possibly 1.0610. EUR/USD is trading below the monthly Pivot level of 1.0844 (1.0798), below the weekly Pivot level of 1.0715, and near the daily Pivot level of 1.0657, indicating a bearish sentiment for the pair. Above the level of 1.0657, the pair will undergo a correction, and below the daily Pivot level of 1.0657, the price will shift to the south.
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