Main Scenario: As long as EURUSD stays below 1.1950, the main trend will be downwards. Then the pair may go down to 1.1894 price level
Target Expectation: 1.1894
Considerations Supporting The Scenario:
In the currency market, the dollar index was down about 0.1% at 91.762 as investors continued to mull over the likelihood of Fed tightening in the face of persistent inflation.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1950
Alternative Target Expectation: 1.1972