Technical Analysis of the EUR/USD Pair
The EUR/USD pair is moving in a downward direction on the 1-hour timeframe, after the price declined from the DIFVG zone, which represents an important selling area for the pair. The price is currently trading around the 1.1547 level, and due to the current strength of the US dollar, the euro is expected to decline significantly.
Key Economic News
The US dollar is awaiting the Federal Reserve meeting minutes today, which are expected to have a medium-strength impact on price movements.
Liquidity Levels
Prices are expected to decline and target the 1.1563 level followed by the 1.1530 level.
The bearish scenario will be invalidated if a 4-hour candle closes above the 1.1607 level.
