Main Scenario: As long as EURUSD stays above 1.1280, the main trend will be upwards. Then the pair may up to 1.1415 price level
Target Expectation: 1.1415
Considerations Supporting The Scenario:
There is still much uncertainty around the Covid-19 pandemic, however, with multiple countries around the world reimposing restrictions or lockdowns to stop the spread of the highly contagious omicron variant. Inflation and monetary policy will be key themes for 2022, as investors expect the U.S. Federal Reserve to hike rates in the coming year to help cool the rise in prices for consumers.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1280
Alternative Target Expectation: 1.1228