Trend Analysis (Fig. 1)

On Wednesday, from the level of 1.1673 (yesterday's daily candle close), the market may continue moving upward toward 1.1697 – the 76.4% retracement level (yellow dotted line). Upon testing this level, the price may continue rising toward 1.1731 – the 85.4% retracement level (yellow 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: From the level of 1.1673 (yesterday's daily candle close), the price may continue moving upward toward 1.1697 – the 76.4% retracement level (yellow dotted line). Upon testing this level, the price may retrace downward toward 1.1689 – the historical support level (blue dotted line).