STRATEGY:

Main Scenario: As long as EURUSD  stays below 1.1720, the main trend will be downwards. Then the pair may down  to 1.1630 price level

Target Expectation: 1.1630

Considerations Supporting The Scenario: 

The dollar stood at its strongest levels of the year on Wednesday, after rising along with U.S. yields on investor concerns that the Federal Reserve will start to withdraw policy support just as global growth slows.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1720

Alternative Target Expectation: 1.1785