FX.co ★ EUR/USD

On EURUSD H1 timeframe. The pair is trading below the day's opening level of 1.1590 and below the daily Pivot level of 1.1588. Key indicators show a bearish trend, with the price below the 72-period moving average trend line, where volume unloading usually occurs. Above the level of 1.1525, I expect the pair to rise to the level of 1.1530 and possibly 1.1543 and higher. Below the level of 1.1525, I expect the pair to decline to the level of 1.1515 and possibly 1.1505 and lower. EUR/USD is trading below the monthly Pivot level of 1.1586 (previous 1.1827), below the weekly Pivot level of 1.1543 (previous 1.1532), and below the daily Pivot level, indicating a bearish sentiment on the pair. The current session's fork level is 1.1525. The first resistance level is 1.1543, the first support level is 1.1505.