STRATEGY:

Main Scenario: As long as EURUSD  stays  below 1.1340,  the main trend will be downwards. Then the pair may down to 1.1288  price level

Target Expectation: 1.1288

Considerations Supporting The Scenario:

The dollar held firm on Wednesday after the previous day’s surge in U.S. yields resulted in sharp gains against the euro and put the greenback above support levels established in recent months amid mounting expectations for U.S. interest rate increases.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1340

Alternative Target Expectation: 1.1395