STRATEGY:

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