Technical Analysis of EUR/USD
The EUR/USD pair is moving in an upward trend on the daily and 4-hour timeframes. Prices rose higher after sweeping liquidity below last week’s candle near the 1.1585 level. A Breaker Block formed around 1.1645, which represents a strong buying zone. However, a bullish price reaction must be confirmed from this level before considering long positions. Prices are expected to rise during the week.

Key Economic News
There are no major events on the US Dollar today, and market activity is expected to remain relatively calm. New Home Sales in the US is a medium-impact release, but it is not expected to trigger significant moves. Thus, EUR/USD is also likely to remain steady.

Liquidity Levels
Prices are expected to move higher, targeting 1.1740, followed by 1.1830, and then 1.1875.
The bullish scenario will be invalidated if prices revisit the 1.1585 level.