Technical analysis for EUR/USD
EUR/USD is moving in a bearish direction on the one-hour timeframe, after prices rejected to the downside from the DIFVG zone, which represents important selling levels for the pair. Currently, prices are trading around the 1.1590 level, and due to the current strength of the US dollar, the euro is expected to decline significantly.
Key economic news
There are no major economic events on the US dollar or the euro today; therefore, price movement is expected to be steady.
Liquidity levels:
Prices are expected to decline and target the 1.1563 level, followed by the 1.1530 level.
Invalidation scenario:
The bearish direction will be invalidated if a one-hour candle closes above the 1.1614 level.
