STRATEGY:

Main Scenario: As long as EURUSD  stays above 1.1862, the main trend will be upwards. Then the pair may go up to 1.1893 price level

Target Expectation: 1.1893

Considerations Supporting The Scenario: 

The moves extended a dip in the dollar since U.S. labour market data last week that was upbeat but not so strong as to risk bringing forward the day when the Federal Reserve might start tapering its asset buying.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1862

Alternative Target Expectation: 1.1835