Main Scenario: As long as EURUSD stays below 1.1274, the main trend will be downwards. Then the pair may down to 1.1186 price level
Target Expectation: 1.1186
Considerations Supporting The Scenario:
Central European currencies and stocks fell on Friday, hurt by a global risk-off mood triggered by a newly identified coronavirus variant found in South Africa, which prompted Asian and European countries to rush to tighten restrictions.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1274
Alternative Target Expectation: 1.1336