Main Scenario: As long as EURUSD stays aboove 1.2178, 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 dollar struggled to hold on to its gains on Thursday as more investors weigh up whether the Federal Reserve is edging closer to talking about tapering its asset purchases, and as traders wait for this week’s closely watched U.S. inflation data.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.2178
Alternative Target Expectation: 1.2131