Technical Analysis for EUR/USD
EUR/USD is beginning to show clear signs of weakness, especially as the US dollar reaches a monthly FVG zone. The pair is currently trading above the previous month’s candle, which represents a clear liquidity level. Prices are now trading around 1.1665. A one-hour candle must close below 1.1644 for the pair to start moving downward.

Economic News
The US dollar is awaiting the ISM Manufacturing PMI data today, which is expected to impact EUR/USD movements.

Liquidity Levels
If the conditions are met, prices are expected to decline toward 1.1592, followed by 1.1555.

Invalidation Scenario
The bearish scenario is invalidated if a four-hour candle closes above 1.1683.