The 55 Moving Average and the lower "Window" have acted as support, so we've got a "Three Methods" pattern on this line.
Tag - eur
There's a "Triple Bottom", so the market is likely going to test resistance near the downtrend.
Narrow bullish Ichimoku Cloud, but rising Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; expected a new golden cross; the prices are resistance of Senkou Span A.
The price is rising in wave [C] of ii. The main intraday target is 6/8 MM Level.
There's a bullish "Hammer", so the price is likely going to rise towards the closest "Window".
Considering the last "Triple Top", the market is going to test support at 1.0819 - 1.0729, which was formed by the "Breakaway Gap".
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but horizontal Tenkan-sen; the prices are entered into the cloudy area and would be supported by Senkou Span B.
EUR/AUD reversed from key resistance level 1…
We don't have any reversal pattern so far, which means bears are going to test the next "Window".
We've got a pullback from 4/8 MM Level, so bulls are likely going to deliver wave ii, which could take the form of a zigzag.
The market is likely going to decline towards support at 1.0819, which is near the last "Breakaway Gap".
The current bearish correction is continuing, so the price reached a "Window" and the 55 Moving Average.