Main Scenario: As long as EURUSD stays below 1.1742, the main trend will be still downwards. Then the pair may go down to to 1.1711 price level
Target Expectation: 1.1711
Considerations Supporting The Scenario:
The dollar rose to a fresh one-year high versus the yen and multi-month peaks with other rivals on Wednesday as investors bet that massive fiscal stimulus and aggressive vaccinations will help the United States lead a global pandemic recovery.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1742
Alternative Target Expectation: 1.1820