FX.co ★ berta.hill | EUR/USD

For EURUSD H1 timeframe. The pair is trading above the daily open level at 1.1385 and above the daily Pivot level at 1.1381. The main indicators are pointing north and the price is above the MA72 trend line, where volume unloading usually takes place. Above the 1.1400 level I expect the pair to rise to 1.1415 and possibly 1.1440 and higher. Below the 1.1400 level I expect the pair to move down to 1.1381 and possibly 1.1375 and lower. EUR/USD is trading below the monthly Pivot level at 1.1470 (previous 1.1676), below the weekly Pivot level at 1.1393 (previous 1.1432) and above the daily Pivot level, which tells us the pair is in a corrective mood. The fork for this session at the moment is the 1.1400 level. The first resistance is at 1.1403, the first support is at 1.1393. The end of the month is near and, as per classic behavior, pairs will start to be pulled toward the monthly Pivots.