STRATEGY:

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