The economic calendar for Wednesday is worth paying attention to data on industrial production in the euro zone.
The positive sentiment should persist on Wednesday, which in turn should lead to re-test the level of 1,1080-90. In the event of defeat of that resistance, the demand should have no problems in meeting the at 1,1113-29 (peaks in late July). It should be noted, however, that at the last levels, the game should turn to the supply side, since breaking above the levels open the way towards 1.1215 (maximum of 10 July) and 1.1277 (maximum of 29 June).
In an alternate version of supply may take the initiative and defend high of 1,1080-89. As a result, we should see dips towards the 1.10 level and then, if his break, the supply should push the exchange rate towards Tuesday's low of 1.0960. After breaking the last support, natural target for the will be at 1,0916-30 support levels.
In summary analysis, I would like to point out that some investors will look forward to Thursday's US data concerning retail sales, which could affect liquidity in the EUR / USD pair.