Main Scenario: As long as EURUSD stays below 1.1820, the main trend will be downwards. Then the pair may down to 1.1778 price level
Target Expectation: 1.1736
Considerations Supporting The Scenario:
The dollar held near three-week highs on Friday after better-than-expected retail sales numbers in the United States boosted bets on the strength of the U.S. economy and earlier monetary policy tightening.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1820
Alternative Target Expectation: 1.1848