Technical Analysis of EUR/USD
The EUR/USD pair is moving in a bearish trend on both the four-hour and one-hour timeframes. Price rejected to the downside from the 1.1660 level, which represents an FVG zone on the one-hour timeframe. Currently, price is trading around the 1.1644 level, and further downside movement is expected during today’s session.

Key Economic News:
The US dollar is awaiting today’s Non-Farm Payrolls (NFP), average hourly earnings, and unemployment rate data. These releases are expected to significantly impact the US dollar, and consequently, noticeable volatility is expected on the EUR/USD pair.

Liquidity Levels:
A further decline is expected, targeting the 1.1627 level, followed by the 1.1615 level.

Scenario Invalidation:
The bearish scenario will be invalidated if a one-hour candle closes above the 1.1673 level.