Main Scenario: As long as EURUSD stays below 1.1831, the main trend will be downwards. Then the pair may down to 1.1770 price level
Target Expectation: 1.1770
Considerations Supporting The Scenario:
The dollar drifted within recent ranges against major peers on Wednesday after softer-than-expected U.S. inflation raised doubts about a taper of Federal Reserve stimulus this year.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1831
Alternative Target Expectation: 1.1861