Main Scenario: As long as EURUSD stays above 1.1796, the main trend will be upwards. Then the pair may go up to 1.1893 price level
Target Expectation: 1.1844
Considerations Supporting The Scenario:
The dollar stood firm on Wednesday after being pinned down earlier, with investors holding off on placing major bets ahead of the outcome of a U.S. Federal Reserve meeting.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1796
Alternative Target Expectation: 1.1779