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