Technical analysis of the EUR/USD pair The EUR/USD pair is moving in a downward trend on the daily and four-hour charts. Prices managed to rebound downward from the IFVG zone on the daily chart around the 1.1800 levels. Prices are expected to continue declining during the day due to the strength of the US dollar.   Key economic news: The US dollar is awaiting the ISM Manufacturing Purchasing Managers' Index (PMI) today, which is expected to have an impact on the movements of the EUR/USD pair. Liquidity levels: Prices are expected to decline, targeting levels of 1.1672 and then 1.1580. Scenario negation: The downward trend will be negated if prices reach levels of 1.1850.