Main Scenario: As long as EURUSD stays below 1.1225, the main trend will be downwards. Then the pair may down to 1.1173 price level
Target Expectation: 1.1173
Considerations Supporting The Scenario:
The U.S. dollar traded near its highest in over a year to the euro and close to a five-year peak against the yen as a hawkish tilt by Federal Reserve policymakers, buoyed by solid U.S. data, contrasted with more dovish monetary outlooks in Europe and Japan.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1225
Alternative Target Expectation: 1.1243