For
EURUSD on the H1 timeframe. The pair is trading below the day's opening level of 1.1405 and near the daily Pivot level of 1.1392. Key indicators show a bearish trend and the price is below the 72-period Moving Average trend line, where volume usually decreases. Above the level of 1.1392, I expect the pair to rise to the level of 1.1413 and possibly 1.1440. Below the level of 1.1392, I expect the pair to decline to the level of 1.1373 and possibly 1.1345. EUR/USD is trading above the monthly Pivot level of 1.0719 (previous 1.0371), below the weekly Pivot level of 1.1413, and near the daily Pivot level, indicating a corrective sentiment for the pair. The pivot level for this session is 1.1392. The resistance level is at 1.1405, with the first support level at 1.1373.
