Main Scenario: As long as EURUSD stays above 1.2024, the main trend will be upwards. Then the pair may go up to to 1.2116 price level
Target Expectation: 1.2116
Considerations Supporting The Scenario:
The dollar sank to a fresh 6-1/2-week low against major peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region’s vaccination programme.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2024
Alternative Target Expectation: 1.1973