Main Scenario: As long as EURUSD stays below 1.1357, the main trend will be dowwards. Then the pair may down to 1.1194 price level
Target Expectation: 1.1194
Considerations Supporting The Scenario:
The dollar paused on Wednesday after a surge that followed the reappointment of Federal Reserve chair Jerome Powell, who was seen as the more hawkish choice, while the New Zealand dollar eased after a smaller than expected rate hike.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1352
Alternative Target Expectation: 1.1447