STRATEGY:

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