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Euraudshort

EUR/AUD 1H – Decision Point Ahead Breakout or Fakeout? Eyes on Confirmation Zone 👁️ EUR/AUD has finally tapped into a critical resistance at 1.79900, a level previously rejected with high volatility. The current price action is testing this ceiling, with signs of strength — but smart money waits for confirmation. What We’re Seeing: 🔹 Uptrend Intact: All EMAs are aligned in bullish order. 🔹 Bullish Fair Value Gap (FVG) formed below — a potential area of demand. 🔹 Price now hovering inside the Confirmation Zone — marked by previous highs and psychological resistance. 🔹 Volume building gradually — but breakout volume not confirmed yet. ⚖️ Summary: Trend: Upward Structure: Breakout under test Momentum: Bullish Market Phase: Confirmation / decision point Key Behavior: Watch for commitment or rejection without predicting it
by SLPHOBIA
EURAUD: Possible Swing Movement of 660 pips expected! FX:EURAUD on daily candles of last few days breakthrough and now dropping back to demand zone where we expect price to bounce strongly and at least we expect target one to accomplished by end of January. While target two and three remain a long away from our current price area. Stop Loss should be below the strong wick of daily candle. From fundamentals side AUD will be weaken and EURO can be bullish for next few months, taking entry will require a strict risk management as this is a swing trade, do not expect to achieve the target in couple of hours or days. Good luck and trade safe.
Long
by Setupsfx_
18
EURAUD – Rejection From Resistance: Bearish Momentum BuildingThe recent rally on EURAUD has met strong rejection near the 1.7980–1.8000 supply zone, signaling exhaustion of bullish momentum. With price forming a clear lower high and pushing away from the upper range, traders may be eyeing short setups targeting deeper fib retracements. Here's how the fundamentals align with the technical picture: 🔻 Bias: Bearish 🔑 Key Fundamentals Eurozone: While the German Ifo business sentiment has improved, hard data (like industrial output) remains weak. ECB speakers such as Panetta and Knot continue to lean dovish, signaling no urgency for further tightening. Australia: The AUD is finding strength from a risk-on global environment, falling oil prices (positive for AUD importers), and stability in China-sensitive commodities. The RBA remains relatively hawkish versus the ECB. Yield Spread: Euro-Australia rate differentials are narrowing, reducing EUR’s relative appeal. ⚠️ Risks to Bias Unexpected Hawkish ECB Commentary Risk-Off Event (e.g., equity sell-off or new geopolitical tensions) that could weaken AUD China PMI Miss dragging AUD if demand outlook sours 📅 News/Events to Watch June 28: U.S. Core PCE (Fed impact → EURUSD spillover) June 30: China PMIs (key for AUD demand outlook) Ongoing: ECB member speeches, Eurozone CPI prelims 🔄 Potential Leader AUD Crosses (e.g., AUDJPY, AUDUSD) may lead broader moves if China PMI surprises or if commodities rebound further. This technical rejection from the key resistance zone aligns with the macro shift favoring AUD strength over EUR. As long as price stays below the 1.7980–1.8000 zone, EURAUD may slide toward 1.7730, 1.7595, and even 1.7460 in extension. 🔔 Trade idea: Watch for bearish confirmation on the H4 close below 1.7830 to validate momentum continuation.
Short
by ultreosforex
3
EURAUD forming a top?EURAUD - 24h expiry Price action looks to be forming a top. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Preferred trade is to sell into rallies. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.7805. We look to Sell at 1.7805 (stop at 1.7840) Our profit targets will be 1.7705 and 1.7680 Resistance: 1.7830 / 1.7850 / 1.7880 Support: 1.7710 / 1.7680 / 1.7650 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURAUD to continue in the downward move?EURAUD - 24h expiry The medium term bias remains bearish. Bullish divergence is expected to support prices. Preferred trade is to sell into rallies. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.7500. We look to Sell at 1.7500 (stop at 1.7560) Our profit targets will be 1.7260 and 1.7230 Resistance: 1.7450 / 1.7500 / 1.7570 Support: 1.7300 / 1.7250 / 1.7220 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA