Main Scenario: As long as EURUSD stays above 1.1416, the main trend will be upwards. Then the pair may up to 1.1469 price level
Target Expectation: 1.1469
Considerations Supporting The Scenario:
The dollar clung to a late week bounce on Monday as investors braced for January’s U.S. Federal Reserve meeting and raised bets it will chart a year ahead containing several rate hikes, while China cut borrowing costs to support a stuttering economy.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1416
Alternative Target Expectation: 1.1391