FX.co ★ EUR/USD

On EURUSD H1 timeframe. The pair is trading above the day's opening level of 1.1860 and near the daily Pivot level of 1.1870. Key indicators show a southward direction, with the price below the 72-period moving average trend line, where volume unloading usually occurs. Above the 1.1870 level, I expect the pair to rise to the level of 1.1881 and possibly 1.1925. Below the 1.1870 level, I expect the pair to decline to the level of 1.1847 and possibly 1.1835. EUR/USD is trading above the monthly Pivot level of 1.1836 (previous 1.1710), above the weekly Pivot level of 1.1817 (previous 1.1922), and near the daily Pivot level, indicating a bullish sentiment for the pair. The pivot point for this session is the daily Pivot level of 1.1870. The resistance level is at 1.1884, with the first support level at 1.1847. The monthly Pivot has held for now.