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: 1.1613
Considerations Supporting The Scenario:
The dollar index inched 0.1% higher, denting gold’s appeal for those holding other currencies, while Asian shares held onto their recent gains.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1770
Alternative Target Expectation: 1.1829