Technical Analysis of the EUR/USD Pair
The EUR/USD pair is moving in a downward trend on the four-hour and one-hour timeframes. Prices rebounded downward from the 1.1700 level, which represents an FVG zone on the one-hour timeframe. Further downside movement is expected during today’s session.
Key Economic News
The US Dollar is awaiting Consumer Confidence data today, which is likely to impact the movement of the US Dollar, and consequently the EUR/USD pair.
Liquidity Levels:
We expect prices to decline toward 1.1669, followed by the next liquidity level at 1.1650.
The bearish scenario will be invalidated if prices visit the 1.1718 level.
