Main Scenario: As long as EURUSD stays above 1.1830, the main trend will be upwards. Then the pair may go up to 1.1880 price level
Target Expectation: 1.1880
Considerations Supporting The Scenario:
Asian shares held on to recent gains in morning trading on Thursday, despite hawkish remarks from a senior official at the U.S. Federal Reserve, that boosted the dollar while weighing on risk appetite, and uncertainty about Chinese policy.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1830
Alternative Target Expectation: 1.1788