Trend Analysis (Fig. 1).

On Wednesday the market, from the 1.1625 level (yesterday's daily candle close), may start moving upward toward 1.1655 – the 50% retracement level (blue dashed line). When testing this level, the price may possibly pull back downward toward 1.1640 – the 38.2% retracement level (yellow dashed line).

Fig. 1 (daily chart).

Comprehensive Analysis:

• indicator analysis – upward;
• Fibonacci levels – upward;
• volumes – downward;
• candlestick analysis – upward;
• trend analysis – upward;
• Bollinger Bands – upward;
• weekly chart – upward.

Overall conclusion: an upward trend.

Alternative scenario: From the 1.1625 level (yesterday's daily candle close), the price may begin an upward movement toward 1.1640 – the 38.2% retracement level (yellow dashed line). When testing this level, the price may possibly pull back downward toward 1.1608 – the historical support level (light blue dashed line).