Main Scenario: As long as EURUSD stays above 1.1935, the main trend will be upwards. Then the pair may go up to to 1.2010 price level
Target Expectation: 1.2010
Considerations Supporting The Scenario:
Despite the strong data, U.S. bond yields dropped, in part driven by buying from Japan, which began a new financial year this month. The 10-year U.S. Treasuries yield hovered near its five-week low of 1.589%.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1935
Alternative Target Expectation: 1.1873