EUR/USD is Moving Sideways on the 4-Hour Timeframe
After the U.S. employment report was released on Thursday, EUR/USD dropped sharply below the 1.1747 level, then quickly rebounded above it after sweeping the liquidity located below that area.
It is worth noting that this level represents a DVIM on the daily timeframe, which strongly supported the bullish move.
On the 15-minute chart, we can observe a clear bounce from the OTE zone, which further supports the upside scenario.
The weakness of the U.S. dollar was the primary driver behind the euro’s strength yesterday and today.

NFP Report and Its Impact on EUR/USD
Although the U.S. Non-Farm Employment Report, issued by the Bureau of Labor Statistics, recorded 147K new jobs in the private non-farm sector, the U.S. dollar continued to decline throughout the day, in line with the broader bearish trend seen on higher timeframes.
Today, price action is expected to remain relatively calm due to the U.S. bank holiday, and as a result, we do not anticipate major movements in EUR/USD either.

Liquidity Levels:
Today, we expect the continuation of the bullish movement on the 15-minute timeframe, targeting the 1.1790 level. If that level is broken, the next target would be 1.1802.

Buy Zones:
1- OTE Zone
2- 1.1755 Level

The bullish scenario will be invalidated if the price revisits the 1.1744 level.