Technical Analysis of EUR/USD

The EUR/USD pair is moving in a bullish trend on the four-hour timeframe. Prices successfully formed an IFVG zone on the daily timeframe around the 1.1900 level and began rebounding upward from it on the four-hour chart. The bullish momentum is expected to continue throughout the day.

Key Economic News:
Today, the US Dollar is awaiting the Non-Farm Payrolls (NFP) data, Average Hourly Earnings data, and the Unemployment Rate figures, which are expected to impact the EUR/USD pair.

Liquidity Levels:
Prices are expected to rise and target the 1.2085 level.

Invalidation Scenario:
The bullish outlook will be invalidated if a four-hour candle closes below the 1.1793 level.