Main Scenario: As long as EURUSD stays below 1.1306, the main trend will be downwards. Then the pair may down to 1.1176 price level
Target Expectation: 1.1176
Considerations Supporting The Scenario:
The dollar was supported against other safe-haven currencies such as the Japanese yen on Tuesday, hanging on to a jump made with U.S. yields, as investors hoped early signs the Omicron variant may be mild will be proved correct.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1306
Alternative Target Expectation: 1.1330