Technical Analysis for EUR/USD PairPrices reversed to the downside after sweeping liquidity around the 1.1665 level, which represents a VIM (Volume Imbalance) zone on the daily chart. Currently, the pair is trading around the 1.1585 level, which marks a Fair Value Gap (FVG) on the 1-hour timeframe. Prices have already started to bounce down from this level, signaling a continuation of the bearish trend for EUR/USD.

Key Economic Events
Today, the US dollar is awaiting the release of key data: weekly jobless claims and the monthly retail sales figures. These events are expected to significantly influence the USD's movement during the day—and by extension, the EUR/USD pair.

Liquidity Zones
A decline in EUR/USD is expected today, conditional on the price visiting the 1.1563 level. If this occurs, the next bearish targets would be 1.1500 and then the next liquidity zone at 1.1444.
The bearish scenario would be invalidated if a 1-hour candle closes above the 1.1637 level.