Main Scenario: As long as EURUSD stays below 1.1981, the main trend will be downwards. Then the pair may go down to to 1.1821 price level
Target Expectation: 1.1821
Considerations Supporting The Scenario:
The dollar was headed for its best week in nearly nine months on Friday as investors scrambled to price in a sooner-than-expected ending to extraordinary U.S. monetary stimulus in the days after a surprise shift in tone from the Federal Reserve.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1981
Alternative Target Expectation: 1.2051