As shown on the chart, on 4h time frame the pair has formed a rising wedge pattern which is usually a reversal pattern. In order to be confirmed, a 4h candle must close below the lower trend line around 1.137 which is also 50% fibo level of Jan-Feb down move. Only a close above the upper trend line around 1.14220 can invalidate this pattern. The first attempt already failed to do so. Target: From lowest(1.12340) to highest(1.14196) point of the rising wedge projected from the breakout point(1.13700) gives us a target around 1.1180 which is 61.8% fibo level of the 2016-2017 up move. Good luck and trade safe.