The euro continues its rise, supported by the weakness of the dollar, so what are the most important price levels

Technical Analysis of EUR/USD
The EUR/USD pair is moving in an upward trend on the daily timeframe. Prices rebounded from the 1.1624 level and formed an SMT Divergence with the US Dollar, supporting the Euro’s strength against the Dollar. Prices also created a Breaker Block around the 1.1674 level after shifting structure from bearish to bullish on the 15-minute chart. Therefore, on the 1-hour timeframe, prices are expected to continue rising throughout the day.

Key Economic News
The US Dollar awaits today’s preliminary readings of the Services PMI, the Manufacturing PMI, and jobless claims data. These releases are expected to have a direct impact on the EUR/USD pair.

Liquidity Levels
Prices are expected to rise towards the 1.1673 level, followed by 1.1693 and then 1.1710.
The bullish scenario will be invalidated if prices revisit the 1.1622 level.

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