Main Scenario: As long as EURUSD stays below 1.1627, 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 U.S. dollar edged back toward a one-year high versus major peers on Tuesday ahead of a key payrolls report at the end of the week that could boost the case for the Federal Reserve to start tapering stimulus as soon as next month.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1627
Alternative Target Expectation: 1.1666