Main Scenario: As long as EURUSD stays aboove 1.2138, the main trend will be upwards. Then the pair may go up to to 1.2277 price level
Target Expectation: 1.2277
Considerations Supporting The Scenario:
The U.S. dollar edged lower on Thursday but remained well above three-month lows hit overnight after minutes from the Federal Reserve’s last policy meeting revealed there was more talk of tapering its bond purchases than investors had expected.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2138
Alternative Target Expectation: 1.2106