Main Scenario: As long as EURUSD stays above 1.1319, the main trend will be upwards. Then the pair may up to 1.1404 price level
Target Expectation: 1.1404
Considerations Supporting The Scenario:
The dollar remained under pressure on Friday, a day after the Bank of England and European Central Bank adopted more hawkish stances than markets had expected, giving a boost to sterling and the euro.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1319
Alternative Target Expectation: 1.1245