Main Scenario: As long as EURUSD stays above 1.2100, the main trend will be upwards. Then the pair may go up to to 1.2309 price level
Target Expectation: 1.2309
Considerations Supporting The Scenario:
The dollar stabilised near multi-week highs on Tuesday as traders turned cautious ahead of the Federal Reserve’s two-day policy meeting, which could potentially provide hints of plans to start tapering its bond purchases.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2100
Alternative Target Expectation: 1.2079