Main Scenario: As long as EURUSD stays above 1.1893, the main trend will be upwards. Then the pair may go up to to 1.1994 price level
Target Expectation: 1.1994
Considerations Supporting The Scenario:
The U.S. dollar remained on the back foot against major peers on Wednesday after a two-day drop as U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1.1893
Alternative Target Expectation: 1.1851