STRATEGY:

Main Scenario: As long as EURUSD  stays below 1.1593, the main trend will be downwards. Then the pair may down  to 1.1543 price level

Target Expectation: 1.1543

Considerations Supporting The Scenario: 

The dollar rose to its highest in nearly three years versus the yen on Monday as investors remained confident the U.S. Federal Reserve will announce a tapering of its massive bond-buying next month despite softer U.S. payrolls figures.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1593

Alternative Target Expectation: 1.1638