Main Scenario: As long as EURUSD stays below 1.1764, the main trend will be downwards. Then the pair may go down to 1.1674 price level
Target Expectation: 1.1674
Considerations Supporting The Scenario:
The dollar was steady on Tuesday, holding near the previous session’s five-day low, as markets appeared less concerned by the spread of the Delta variant, while the New Zealand dollar picked up after hawkish comments from the central bank.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1764
Alternative Target Expectation: 1.1829