Main Scenario: As long as EURUSD stays above 1.1821, the main trend will be upwards. Then the pair may go up to 1.1859 price level
Target Expectation: 1.1859
Considerations Supporting The Scenario:
The dollar headed for its first winning week in three on Friday after rebounding from a payrolls-induced sell-off, as investors continued to ponder the timing of a tapering of Federal Reserve stimulus.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1821
Alternative Target Expectation: 1.1786