FX.co ★ EUR/USD
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EUR/USD
On EURUSD H1 timeframe. The pair is trading near the day's opening level at 1.1685 and above the daily Pivot level at 1.1574. Key indicators show a bullish trend, and the price is above the 72-period moving average trend line, where volume unloading usually occurs. EUR/USD is trading above the monthly Pivot level at 1.1586 (previous 1.1827), above the weekly Pivot level at 1.1527 (previous 1.1543), and above the daily Pivot level, indicating a bullish sentiment for the pair. The current session's fork level is at 1.1690. The first resistance level is at 1.1708, and the first support level is at 1.1675. The bullish trend prevails for now, and the next half hour will show the direction; for now, I am leaning towards the bullish side.