Possible long-term scenarious for EUR/AUD

This pair is giving me some hard time in terms of its future behabiour. Despite the fact that I am pretty sure it is going to move higher at the moment I do not have a clear picture of when it is going to happen.
This is why I have two bullish scenarious. Either it makes one more down move and then takes off like a rocket or it has already taken off and you need to wait for a retracement to get in.
By the way the pattern under scrutiny is an ending diagonal.