Main Scenario: As long as EURUSD stays below 1.1588, the main trend will be downwards. Then the pair may down to 1.1534 price level
Target Expectation: 1.1534
Considerations Supporting The Scenario:
The dollar index, which measures the currency against six major rivals, was off Thursday’s one-year high of 94.504, last changing hands at 94.287. Meanwhile, the benchmark 10-year U.S. Treasury yield was at 1.5013%.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1588
Alternative Target Expectation: 1.1629