Main Scenario: As long as EURUSD stays above 1.1818, the main trend will be upwards. Then the pair may go up to 1.1851 price level
Target Expectation: 1.1776
Considerations Supporting The Scenario:
The dollar hovered near two-week lows against a basket of currencies on Tuesday, as investors looked to U.S. jobs figures later this week for clues on taper timing, while the Chinese yuan shrugged off soft factory and services sector surveys.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1818
Alternative Target Expectation: 1.1769