The rejection on 1.1950 was false rejection and EURUSD visited the 1.2000 as projected. The pair will continue to bullish for visiting the 1.2500 or the equivalent rate to USDJPY at 102.00.
Weaker USD not only to stimulate the global economy but also to maintain the global financial stability to avoid anticipated global debt defaulting with over $ 500 trillion global debt outstanding (BIS).