Technical Analysis of the EUR/USD Pair
The EUR/USD pair is moving in a bearish trend on the 4-hour and 1-hour timeframes. Prices dropped sharply inside the daily FVG zone and successfully broke below the 1.1625 level, which represents an important selling area on the 4-hour chart. Currently, prices are trading around 1.1611; if they remain stable near these levels, a further decline is expected during the day.
During the European session, a noticeable loss of bullish momentum can be observed, with investors preferring to hold the US dollar as a safe haven. The stability of the Dollar Index above 98.40 supports the bearish outlook for the euro in the coming hours.

Key Economic News
There are no major economic events for either the euro or the US dollar today, so market movement is expected to remain balanced and relatively calm.

Liquidity Levels
Prices are expected to decline toward 1.1580, followed by 1.1534.

Scenario Invalidation
The bearish outlook would be invalidated if prices revisit the 1.1655 level.