Main Scenario: As long as EURUSD stays below 1.2143, the main trend will be downwards. Then the pair may go up to to 1.1963 price level
Target Expectation: 1.1963
Considerations Supporting The Scenario:
The dollar hit a two-week high on Tuesday, as risk appetite faded amid a sell-off in stocks, with U.S. Treasury Secretary Janet Yellen’s comments saying interest rates may need to rise to prevent the American economy from overheating also supporting the greenback.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.2143
Alternative Target Expectation: 1.2343