Technical Analysis of the EUR/USD Pair

The EUR/USD pair is moving in an upward trend on the daily timeframe and the four-hour timeframe. Prices have successfully formed an important buying zone around the 1.1686 level. A positive price reaction is required from these levels to confirm the upward move. Currently, prices are trading around the 1.1712 level, and prices are expected to rise during today’s session.

Key Economic News:
There are no major economic releases affecting the US dollar today, except for a speech by Donald Trump, which may impact US dollar movements and, consequently, the EUR/USD pair.

Liquidity Levels:
Prices are expected to rise and target the 1.1786 level, followed by the 1.1809 level.

Scenario Invalidation:
The bullish scenario will be invalidated under the conditions mentioned in this report if prices visit the 1.1633 level.