Technical Analysis of EUR/USD

The EUR/USD pair is moving in a bearish trend on the four-hour timeframe. Prices have declined after rejecting from the 1.1995 level, which represents an IFVG zone.
Currently, price is trading around 1.1960, and further downside continuation is expected during today’s session.

Key Economic News
There are no major economic news releases for the US dollar or the euro today; therefore, price action is expected to remain smooth and consistent.

Liquidity Levels:
Prices are expected to decline, targeting the 1.1895 level, followed by 1.1850.

Bearish Scenario Invalidation:
The bearish outlook will be invalidated if price revisits the 1.1998 level.