Technical Analysis for EUR/USD
EUR/USD has begun to show clear signs of weakness, especially as the US dollar reaches an FVG zone on the monthly timeframe. The pair is also trading above last month’s candle, which represents a clear liquidity level. Prices are currently trading around 1.1666. A one-hour candle must close below 1.1660, which will form an IFVG after the breakout. After that, the pair is expected to decline.

Economic News
The US dollar is awaiting the weekly jobless claims data today, which is expected to impact EUR/USD movements during the session.

Liquidity Levels
A decline in prices is expected if the conditions are met, targeting 1.1654 followed by 1.1635.

Invalidation Scenario
The bearish outlook is invalidated if a four-hour candle closes above 1.1682.