Main Scenario: As long as EURUSD stays above 1.2009, the main trend will be upwards. Then the pair may go up to to 1.2071 price level
Target Expectation: 1.2071
Considerations Supporting The Scenario:
The dollar was pinned near multi-week lows against most major currencies on Thursday as fading gains in U.S. Treasury yields reduced the greenback’s interest rate advantage.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2009
Alternative Target Expectation: 1.1981