Main Scenario: As long as EURUSD stays below 1.1857, the main trend will be still downwards. Then the pair may go down to to 1.1767 price level
Target Expectation: 1.1767
Considerations Supporting The Scenario:
Asian shares skidded to a two-week trough on Wednesday and the dollar neared four-month highs as coronavirus lockdowns in Europe and potential U.S. tax hikes hit risk appetite, leading to a flight to safety.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1857
Alternative Target Expectation: 1.1976