Technical analysis for the EUR/USD pair
The EUR/USD pair is moving in a sideways range on the one-hour timeframe, following the decline that was highlighted last week. Currently, prices are trading inside the DFVG area around the 1.1515 level, and prices have started to rise from this level to trade now around the 1.1540 level. Due to the current weakness of the US dollar, prices are expected to rise on the EUR/USD pair.
Major economic news
There are no important news today, so the movement is expected to be relatively calm.
Liquidity levels
Prices are expected to rise and target the 1.1552 level, then the 1.1598 level.
Scenario invalidation
The bullish scenario is invalidated if a one-hour candle closes below the 1.1471 level.