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