Tag - eur

6/8 MM Level is likely going to act as resistance once again. If we see another pullback from this line, wave (i) is going to be continued.

The 55 Moving Average and the lower "Window" have acted as support, so we've got a "Three Methods" pattern on this line.

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".