Main Scenario: As long as EURUSD stays above 1.2097, the main trend will be upwards. Then the pair may go up to to 1.2110 price level
Target Expectation: 1.2110
Considerations Supporting The Scenario:
Many investors, however, stayed on the sidelines ahead of the Fed’s policy meeting ending on Wednesday, where the U.S. central bank is expected to confirm that it will maintain its easy monetary policy to bolster the economy.
Markets were also awaiting for results from U.S. tech heavyweights Microsoft and Alphabet later on Tuesda
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2054
Alternative Target Expectation: 1.2029