Technical Analysis for EUR/USD Pair
The EUR/USD pair is moving in a downward trend on the 4-hour and 1-hour timeframes. Prices have successfully formed an IFVG zone around the 1.1605 level after sweeping liquidity above 1.1615.
Currently, prices are trading around 1.1595 after rejecting the 1.1605 level to the downside. The bearish direction is expected to continue during the day.
Key Economic News
There are no major economic events for either the euro or the U.S. dollar today, so market movements are expected to remain balanced.
Liquidity Levels
Prices are expected to decline and target the 1.1580 level, followed by 1.1543.
The bearish scenario will be invalidated if prices visit the 1.1642 level.
