Main Scenario: As long as EURUSD stays above 1.1262, the main trend will be upwards. Then the pair may up to 1.1392 price level
Target Expectation: 1.1392
Considerations Supporting The Scenario:
Investors are waiting for the release of the Federal Reserve’s minutes from its December meeting on Thursday. The central bank announced last month that it would speed up the tapering of its bond buying program and also forecast three interest rate hikes for 2022.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1262
Alternative Target Expectation: 1.1242