Technical Analysis of the Euro/Dollar Pair

The EUR/USD pair is moving in a bearish trend on the four-hour and one-hour timeframes. Prices moved lower from the 1.1715 level, which represents an FVG zone on the four-hour timeframe. Further downside movement is expected during the day.

Key Economic News

The US dollar is awaiting the US interest rate decision today, along with the press conference of Jerome Powell. These events are expected to impact dollar movements during the day.

Liquidity Levels

We expect prices to decline toward the 1.1664 level, followed by the next liquidity level at 1.1644.

The bearish scenario will be invalidated if prices visit the 1.1739 level.Technical Analysis of the EUR/USD Pair The EUR/USD pair is trending downward on the 4-hour and 1-hour timeframes, with prices rebounding lower from the 1.1715 level, which represents the FVG zone on the 4-hour chart. The downward trend in prices is expected to continue throughout the day. Key Economic News The US dollar is awaiting the US interest rate decision and Jerome Powell’s press conference today; these developments will influence the dollar’s movements throughout the day. Liquidity Levels: We expect prices to decline, targeting the 1.1664 level, followed by the next liquidity level at 1.1644. The bearish scenario will be invalidated if prices reach 1.1739.