Technical Analysis of EUR/USD

EUR/USD is moving in a bearish trend on both the daily and four-hour timeframes. Prices have reversed lower from the WFVG zone, which represents an important selling area around 1.1685. The pair is currently trading around 1.1628, and prices are expected to decline further during today's session.

Key Economic News

There are no major U.S. dollar-related economic releases scheduled for today. Therefore, price action on EUR/USD is expected to remain relatively calm.

Liquidity Levels

We expect prices to decline toward 1.1576, followed by the next liquidity level at 1.1505.

The bearish scenario will be invalidated if prices revisit the 1.1696 level.