Here we have a lovely triple bottom on D1 and also a small double bottom on H1 timeframe. We can also see multiple rejections on D1 that price has tried to break below 0.6900 and failed. For this pair to be a potential reversal I would like to see a breakout of the downtrend on H1.
Comment:
Set up no longer valid due to the news. Price has now broken the H1 double bottom and also price has broken past D1 support level. This is why patience is key in trading.