Technical Analysis of EUR/USD
The EUR/USD pair is moving in a bearish trend on the four-hour and one-hour timeframes. Prices rejected to the downside from an Order Block zone around the 1.1745 level on the four-hour timeframe. The pair is currently trading around 1.1712, and further downside is expected during the day.

Key Economic News:
Today, the US Dollar Index is awaiting Existing Home Sales data and Inflation Expectations released by the University of Michigan. These data are expected to have a moderate impact on market movement, and consequently on the EUR/USD pair.

Liquidity Levels:
Prices are expected to decline, targeting the 1.1682 level, followed by the 1.1660 level.

Scenario Invalidation:
The bearish scenario will be invalidated if price revisits the 1.1745 level.