Main Scenario: As long as EURUSD stays aboove 1.2145, the main trend will be upwards. Then the pair may go up to to 1.2295 price level
Target Expectation: 1.2295
Considerations Supporting The Scenario:
Central European currencies were mostly stable on Monday as trade volume was low with markets in the United States and Britain closed, while Polish bond markets were eyeing the central bank’s schedule of QE purchases for signs of tapering.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2145
Alternative Target Expectation: 1.2115