STRATEGY:

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