STRATEGY:

Main Scenario: As long as EURUSD  stays below 1.1751, the main trend will be downwards. Then the pair may down  to 1.1657 price level

Target Expectation: 1.1657

Considerations Supporting The Scenario: 

The dollar hovered above a one-week low versus major peers on Friday, taking a breather after its biggest drop in almost a month overnight, as questions lingered about the fate of embattled property giant China Evergrande Group.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1751

Alternative Target Expectation: 1.1791