FX.co ★ EUR/USD

On EURUSD H1 timeframe. The pair is trading above the day's opening level of 1.1545 and above the daily Pivot level of 1.1529. 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 1.1566, I expect the pair to rise to the level of 1.1575 and possibly 1.1590. Below the level of 1.1566, I expect the pair to decline to the level of 1.1540 and possibly 1.1490. EUR/USD is trading below the monthly Pivot level of 1.1611 (previous 1.1753), above the weekly Pivot level of 1.1540 (previous 1.1575), and above the daily Pivot level, indicating a corrective sentiment for the pair. The session fork level is at 1.1566. The resistance level is at 1.1575, with the first support level at 1.1540. Below the previous week's Pivot of 1.1575, I expect a reversal to the south.