Main Scenario: As long as EURUSD stays below 1.1770, the main trend will be downwards. Then the pair may go down to 1.1658 price level
Target Expectation: 1.1658
Considerations Supporting The Scenario:
The U.S. dollar slipped against its rivals on Monday in a bout of profit-taking after registering its biggest weekly rise in more than two months last week fuelled by concerns over the outlook for global growth.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1770
Alternative Target Expectation: 1.1829