Based on 1.2030 sterilization rate, previously estimated that the EURUSD will be sterilized down to 1.1288/1.1280, the lower short term band. The current time series indicates that the sterilization will be limited to 1.1575, 1.1600 and may also 1.1400. At such, there are many assumptions of rates to be reached.
The answer to the assumptions is to measure the average weighted rate (ATWR) of the EURUSD in the future by a combination of S-Curve and Time Series bands of the EUR band versus USD band. At such, how deep EURUSD will be sterilized by the fact is the measure of EUR versus USD band in short term. This is due to the fact that during the downward movement of the EURUSD , there will be macro and micro economic indicators may released and far from estimation. The most important that both Fed Res of New and the ECB capable to manage the medium and short term price stability of the EURUSD in the market to match the Fed and ECB's monetary policies.
According to Fed NY and Fed St . Louis as well as Fed Atlanta , the lower and the upper medium and short term bands are "dynamic" and the final rate could be measurable by the bands' performance. The key element is the manageability on the sustainability of the target zones/bands to maintain the short and medium term price stability. At Tradingeconomics.com, I forecasted for EURUSD to pressured down to 1.1288 competing with banks.