Technical Analysis of the EUR/USD Pair
The EUR/USD pair is moving in an uptrend on the hourly timeframe. Prices bounced higher from the 1.1630 level, which represents a daily OB zone. Currently, prices are trading around 1.1688. It is worth noting that the US dollar is moving in an uptrend on the four-hour timeframe. The euro is expected to continue its rise throughout the day.

Key Economic News
The US dollar is awaiting today’s Retail Sales data, along with Consumer Sentiment and Inflation Expectations data from the University of Michigan. These releases are expected to influence the US dollar’s movements during the day, and consequently, the EUR/USD pair.

Liquidity Levels
Prices are expected to rise, targeting the 1.1715 level, followed by the 1.1730 level.
The bearish scenario will be invalidated if prices reach the 1.1640 level.