Technical Analysis of EUR/USD
EUR/USD is trending lower on the 4-hour chart, while moving sideways on the 1-hour chart. Prices are currently trading below a daily DFVG zone, which is expected to act as resistance and push the pair lower. Sideways price action may dominate until U.S. jobs data are released later today; we expect a brief uptick in the euro before a potential decline.

Key Economic News
The U.S. dollar awaits today’s private-sector jobs report, expected to show 106 K new positions. Weekly jobless claims and the ISM Manufacturing PMI are also due; these releases could move the dollar and, in turn, EUR/USD.

Liquidity Levels
A bearish reaction from 1.1465 could trigger a move toward 1.1400, followed by 1.1360.

Invalidation
The downside setup would be questioned if price breaks convincingly above 1.1465; otherwise, the bearish bias remains.