STRATEGY:

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