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 1.1730 and above the daily Pivot level at 1.1713. Key indicators show a bullish trend, and the price is above the 72-period moving average trend line, where volume unloading usually occurs. Above the level of 1.1730, I expect the pair to rise to the level of 1.1745 and possibly 1.1777. Below the level of 1.1730, I expect the pair to decline to the level of 1.1713 and possibly 1.1695. EUR/USD is trading above the monthly Pivot level at 1.1606 (previous 1.1548), above the weekly Pivot level at 1.1695, and above the daily Pivot level, indicating a bullish sentiment for the pair. The fork on this session is the day's opening level at 1.1730. Resistance is at 1.1745, support at 1.1713.