Main Scenario: As long as EURUSD stays below 1.1913, the main trend will be still downwards. Then the pair may go down to to 1.1872 price level
Target Expectation: 1.1872
Considerations Supporting The Scenario:
The U.S. dollar held gains against major currencies on Wednesday as investors looked to the U.S. Federal Reserve’s policy meeting for indications it could start rate hikes earlier or let bond yields rise further.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1913
Alternative Target Expectation: 1.1941