Main Scenario: As long as EURUSD stays above 1.1908, the main trend will be upwards. Then the pair may go up to to 1.1980 price level
Target Expectation: 1.1980
Considerations Supporting The Scenario:
The dollar held near a one-month low on Wednesday as strong demand at a U.S. bond auction fuelled a widespread drop in Treasury yields, reducing the interest rate advantage the greenback held over other major currencies.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1908
Alternative Target Expectation: 1.1849