Main Scenario: As long as EURUSD stays above 1.2082, the main trend will be upwards. Then the pair may go up to to 1.2188 price level
Target Expectation: 1.2188
Considerations Supporting The Scenario:
The dollar traded just off nine-week lows on Thursday as a doggedly dovish outlook from the U.S. Federal Reserve and bold spending plans from the White House gave a green light for the global reflation trade.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2082
Alternative Target Expectation: 1.2029