Trend analysis (Fig. 1).

The market may move up on Wednesday, from the level of 1.1268 (closing of Tuesday's daily candle) with the target at 1.1305 - the 23.6% retracement level (blue dashed line). After testing this level, the price may continue to move u with the target at 1.1340 - the 21-day EMAs (black thin line).

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly chart - up.

General conclusion:

The price may move up from the level of 1.1268 (closing of Tuesday's daily candle) with the target at 1.1305 - the 23.6% retracement level (blue dashed line). After testing this level, the price may continue to move up with the target at 1.1340 - the 21-day EMAs (black thin line).

Unlikely scenario: downward movement from the level of 1.1268 (closing of Tuesday's daily candle) with the target of 1.1230 - the support line (blue bold line).