STRATEGY:

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