STRATEGY:

Main Scenario: As long as EURUSD  stays below 1.1584, the main trend will be downwards. Then the pair may down  to 1.1523 price level

Target Expectation: 1.1508

Considerations Supporting The Scenario: 

The dollar edged higher versus major peers on Friday but within a narrow range as traders awaited clues from the U.S. non-farm payrolls report on the pace of Federal Reserve policy normalization.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1584

Alternative Target Expectation: 1.1649