Trend Analysis (Fig. 1)

On Wednesday, from the level of 1.3495 (yesterday's daily candle close), the market may continue moving upward toward 1.3522 – the 85.4% retracement level (red dotted line). Upon testing this level, the price may continue rising toward 1.3587 – the upper fractal (red dotted line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

• Indicator analysis – upward;
• Fibonacci levels – upward;
• Volumes – upward;
• Candlestick analysis – downward;
• Trend analysis – upward;
• Bollinger Bands – upward;
• Weekly chart – upward.

Overall conclusion: Upward trend.

Alternative scenario: On Wednesday, from the level of 1.3495 (yesterday's daily candle close), the market may continue moving upward toward 1.3522 – the 85.4% retracement level (red dotted line). Upon testing this level, the price may retrace downward toward 1.3482 – the 76.4% retracement level (red dotted line).