Main Scenario: As long as EURUSD stays below 1.1761, the main trend will be downwards. Then the pair may go down to 1.1590 price level
Target Expectation: 1.1590
Considerations Supporting The Scenario:
Asian shares fell on Thursday while the dollar reached multi-month highs against peers, after minutes from the U.S. central bank’s last meeting showed the increasing prospect of reduced monetary stimulus this year.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1761
Alternative Target Expectation: 1.1876