Technical Analysis of EUR/USD
The EUR/USD pair is moving in a corrective bearish trend on the hourly timeframe, and prices have successfully rebounded upward from the OTE zone around the 1.1732 level. It is worth noting that prices are moving in an overall bullish trend on the daily and weekly timeframes, and further upside is expected during today’s session.

Key Economic News:
European banks are on holiday today, and the euro is expected to move only if the US dollar shows volatility. In general, significant market movements are not expected today.

Liquidity Levels:
Prices are expected to rise, targeting the 1.1768 level, followed by the 1.1797 level.

Scenario Invalidation:
The bullish scenario will be invalidated if an hourly candle closes below the 1.17100 level.