FX.co ★ EUR/USD

On EURUSD H1 timeframe. The pair is trading below the day's opening level of 1.1800 and near the daily Pivot level of 1.1785. The main indicators show a bullish trend, and the price is above the 72-period moving average trend line, where volume unloading usually occurs. Above the 1.1785 level, I expect the pair to rise to the level of 1.1800 and possibly 1.1830 and higher. Below the 1.1785 level, I expect the pair to decline to the level of 1.1771 and possibly 1.1740 and lower. EUR/USD is trading above the monthly Pivot level of 1.1586 (previous 1.1827), above the weekly Pivot level of 1.1657 (previous 1.1527), and near the daily Pivot level, indicating a bullish sentiment for the pair. The current pivot level for this session is 1.1785. The first resistance level is at 1.1800, and the first support level is at 1.1771.