STRATEGY:

Main Scenario: As long as EURUSD  stays below 1.1948, the main trend will be downwards. Then the pair may go down to 1.1834 price level

Target Expectation: 1.1834

Considerations Supporting The Scenario: 

The U.S. dollar was broadly steady on Monday as global markets started the week in a cautious mood, while currency market focus started shifting towards key U.S. payrolls data on Friday.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1948

Alternative Target Expectation: 1.2034