STRATEGY:

Main Scenario: As long as EURUSD  stays above 1.2021, the main trend will be upwards. Then the pair may go up to  to 1.2188 price level

Target Expectation: 1.2188

Considerations Supporting The Scenario: 

The dollar levelled out after its recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, waiting for clues on the global inflation outlook and policymakers’ responses.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2021

Alternative Target Expectation: 1.2000