Main Scenario: As long as EURUSD stays aboove 1.2182, the main trend will be upwards. Then the pair may go up to to 1.2288 price level
Target Expectation: 1.2288
Considerations Supporting The Scenario:
The dollar hit 4-1/2 month lows against a basket of peers on Tuesday, as softer-than-expected U.S. data and insistence from Federal Reserve officials that policy would stay pat allayed investor fears about inflation forcing interest rates higher.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2182
Alternative Target Expectation: 1.2151