Technical analysis of the EUR / USD pair The EUR/USD pair is moving in a downtrend on the four-hour frame. Prices bounced down from the FVG zone on the four-hour frame. Prices are currently trading around the levels of 1.1604, and during the day it is expected to complete the downward trend of the euro pair, due to the strength of the US dollar at the moment. The most important economic news During the day, the US dollar is waiting for monthly Producer Price Index data, these data are expected to affect the movements of the US dollar during the current week, and therefore on the EUR/USD pair. Liquidity levels During the day, it is expected that prices will decline and target the levels of 1.1560, and then the levels of 1.1520. The bearish scenario is canceled if the levels of 1.1687 are visited.