On the weekly time frame to the left there is a 9 exhaustion pattern followed by a break of the cyclical channel derived from the low.
The lower time frame to the right (Daily) is suggesting that a break of 1.60250 will warn of lower lows.


Indicators for MT4
The Hidden Market Order (Cycles)
Pattern 9 +13
audaustraliandollarChart PatternsEUREURAUDeuroTrend AnalysisWave Analysis

Disclaimer