FX.co ★ EUR/USD

On EURUSD H1 timeframe. The pair is trading near the day's opening level at 1.1625 and above the daily Pivot level at 1.1607. Key indicators show a bullish trend, and the price is above the 72-period moving average trend line, where volume unloading usually occurs. Above the level of 1.1625, I expect the pair to rise to the level of 1.1640 and possibly 1.1676. Below the level of 1.1625, I expect the pair to decline to the level of 1.1607 and possibly 1.1577. EUR/USD is trading below the monthly Pivot level at 1.1753 (previous 1.1606), below the weekly Pivot level at 1.1640, and above the daily Pivot level, indicating a corrective sentiment for the pair. The fork on this session is at the day's opening level of 1.1625. The resistance level is at 1.1640, with the first support level at 1.1607. The pair attempted to break above the weekly Pivot at 1.1640, but has not succeeded yet, hence the overall bearish sentiment.