FX.co ★ EUR/USD

On EURUSD H1 timeframe. The pair is trading above the day's opening level of 1.1435 and below the daily Pivot level of 1.1530. Key indicators show a bearish trend, with the price below the 72-period moving average trend line, where volume unloading usually occurs. Above the 1.1500 level, I expect the pair to rise to the level of 1.1515 and possibly 1.1530 and higher. Below the 1.1500 level, I expect the pair to decline to the level of 1.1475 and possibly 1.1450 and lower. EUR/USD is trading below the monthly Pivot level of 1.1827 (previous 1.1836), near the weekly Pivot level of 1.1496 (previous 1.1645), and below the daily Pivot level, indicating a bearish sentiment on the pair. The current session's pivot level is at 1.1496. The first resistance is at 1.1501, and the first support is at 1.1475.