FX.co ★ EUR/USD

On EURUSD H1 timeframe. The pair is trading above the day's opening level of 1.1690 and above the daily Pivot level of 1.1690. Key indicators show a bullish trend, and the price is above the 72-period moving average trend line, where volume usually decreases. Above the level of 1.1720, I expect the pair to rise to the level of 1.1740 and possibly 1.1750 and higher. Below the level of 1.1720, I expect the pair to decline to the level of 1.1700 and possibly 1.1677 and lower. EUR/USD is trading above the monthly Pivot level of 1.1586 (previous 1.1827), above the weekly Pivot level of 1.1527 (previous 1.1543), and above the daily Pivot level, indicating a bullish sentiment for the pair. The current pivot level for this session is 1.1720. The first resistance level is at 1.1725, and the first support level is at 1.1690.