STRATEGY:

Main Scenario: As long as EURUSD  stays below 1.1613, the main trend will be downwards. Then the pair may down  to 1.1523 price level

Target Expectation: 1.1523

Considerations Supporting The Scenario: 

The dollar held close to a 14-month high against the euro on Thursday, as a surge in energy prices raised the risk for the Federal Reserve to act sooner to normalise policy.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1613

Alternative Target Expectation: 1.1629