Trend Analysis (Fig. 1).
On Thursday, the market, from the level of 1.1491 (yesterday's daily candle close), may continue moving upward toward the target of 1.1534 – the 14.6% retracement level (yellow dotted line). When testing this level, the price may pull back downward toward 1.1516 – the 76.4% retracement level (blue dotted line).
Fig. 1 (Daily Chart).
Comprehensive Analysis:
Indicator analysis – upward;Fibonacci levels – upward;Volumes – upward;Candlestick analysis – upward;Trend analysis – upward;Bollinger Bands – upward;Weekly chart – upward.Overall conclusion: upward trend.
Alternative scenario: On Thursday, the market, from the level of 1.1491 (yesterday's daily candle close), may start moving upward toward the target of 1.1556 – a historical resistance level (blue dotted line). When testing this level, the price may pull back downward toward 1.1534 – the 14.6% retracement level (yellow dotted line).