Main Scenario: As long as EURUSD stays below 1.1851, the main trend will be downwards. Then the pair may down to 1.1778 price level
Target Expectation: 1.1778
Considerations Supporting The Scenario:
The dollar began a week full of big economic data on a firm footing, with investors wary of the Federal Reserve beginning its exit from super-supportive policy even as cases of the coronavirus surge.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1851
Alternative Target Expectation: 1.1877