STRATEGY:

Main Scenario: As long as EURUSD  stays  below 1.1357,  the main trend will be dowwards. Then the pair may down to 1.1227  price level

Target Expectation: 1.1227

Considerations Supporting The Scenario:

The safe-haven U.S. dollar traded close to a 16-month high to the euro on Monday on growing anxiety over the impact of surging COVID-19 infections in Europe, with Austria reimposing a full lockdown and Germany considering following suit.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1352

Alternative Target Expectation: 1.1447