STRATEGY:

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