STRATEGY:

Main Scenario: As long as EURUSD  stays below 1.1874, the main trend will be downwards. Then the pair may go down to 1.1808 price level

Target Expectation: 1.1808

Considerations Supporting The Scenario: 

The U.S. dollar was perched at a 15-month high on the yen and at multi-month peaks against other majors on Friday, as traders wagered strong U.S. labour data could lift it even further.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1874

Alternative Target Expectation: 1.1902