STRATEGY:

Main Scenario: As long as EURUSD  stays above 1.1823, the main trend will be upwards. Then the pair may go up to  to 1.1881 price level

Target Expectation: 1.1881

Considerations Supporting The Scenario: 

The safe haven yen hovered near a one-month high at 110.01 per dollar. The euro dipped to $1.1834.

That left the dollar index, which tracks the greenback versus a basket of six currencies, slightly firmer at 92.452.

Gold, another safe haven asset, was on track for its third straight weekly gain. It was last down 0.1% at $1,800 an ounce.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1823

Alternative Target Expectation: 1.1797