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AUDEUR trade ideas
EURAUD to 1.74000 LevelLooking at the EA Chart Price made a strong move to the upside from the 1.71000 level which after the move price broke above a Strong Key Level around 1.72 with a Lower High Break of Structure, Currently i can see price forming a nice Inverted H&S Pattern at the Key Level giving me a strong indication price wants to break previous Market Structure Higher Lows. I do believe if price stays above the Key Level it will eventually reach the 1.74 level at least a move to the first Market Structure High ( 1.73 level ). The Euro has started the month with some good fundamental data and now that AUD data is being released and so far is not looking good I'm more confident price will start pushing anytime soon.
EURAUD Will Move Higher! Long!
Here is our detailed technical review for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.721.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.729 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURAUD: Strong Bullish SignalsThere are clear confirmations of bullish momentum on the 📈EURAUD:
This is evident from the breakout above a resistance line in a bullish flag pattern and the formation of a confirmed change of character CHoCH on the 4-hour chart.
I believe that the market is likely to sustain its upward movement, with the next resistance level seen at 1.7300.
EURAUD Short Term Buy Idea Follow UpHi Traders, on March 13th I shared this "EURAUD Short Term Buy Idea"
We had a strong bullish momentum on the 4H chart and I mentioned that I expect pullbacks towards the marked key support zones and then a potential continuation higher.
Price has currently reached the first key support zone with the price developing a bullish divergence. Expecting the price to potentially move higher further from the first key support zone.
Until both the key support zones hold my short term view still remains bullish here.
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EURAUD Corrective pullback supported at 1.0750
The EURAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes.
The key trading level to watch is 1.7050. A potential overbought pullback from current levels, followed by a bullish rebound from 1.7050, could extend the upside, targeting 1.7320, with further resistance at 1.7676 and 1.7800 over a longer timeframe.
Conversely, a confirmed break below 1.7050, with a daily close under this level, could signal a corrective pullback towards 1.6880 and 1.6800.
Conclusion:
While the broader trend remains bullish, the current overextended move suggests the possibility of short-term retracements. Holding 1.7050 as support will be critical for further upside continuation, while a breakdown below this level could trigger deeper corrections. Traders should monitor price action closely and adjust risk management accordingly.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURAUD: Pullback From Support 🇪🇺 🇦🇺
There is a high chance to see a pullback from the underlined support on EURAUD.
As a confirmation, I see a bullish breakout of a resistance line of a falling
wedge pattern on an hourly.
The price may touch at least 1.71575
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TradingView Idea for EUR/AUD (4H Chart)
Market Overview:
The EUR/AUD 4-hour chart displays a downtrend followed by a consolidation phase at a critical support zone. The price is currently reacting within a demand area, indicating a potential bullish reversal.
Key Levels:
Support Zone: ~1.7050 - 1.7100 (Highlighted in dark grey)
Resistance Zone: ~1.7200 (Short-term)
Target Level: ~1.74217
Potential Trade Scenarios:
Bullish Scenario: If the price holds above the support zone, we could see a rebound towards 1.7200, with further continuation towards the 1.74217 target.
Retest and Breakout: A slight pullback into the support zone, followed by a breakout above 1.7200, could confirm a strong buying momentum.
Bearish Risk: A failure to hold above support may lead to further downside continuation.
Trade Plan:
Entry: Look for bullish confirmation in the demand zone.
Stop Loss: Below the support zone (~1.7050).
Take Profit: First at 1.7200, then 1.74217 for an extended move.
Bias: Bullish if support holds, bearish if price breaks below.
EURAUD → False breakout & Pin-Bar on W1FX:EURAUD is testing important resistance from the weekly timeframe. A false breakout is formed after liquidity capture. There is no potential for continuation of growth and the chart is drawing everyone's favorite “pin-bar”
After the price exits the consolidation, the resistance of which was the level of 1.6787, a distributive pattern is formed, the target of which was the liquidity behind the weekly resistance of 1.7196.
The target has been reached and the price is consolidating below the base of the reversal structure and thus preparing to continue falling. It is possible formation of liquidation or downward impulse to 1.71 - 1.70. The forex market has been behaving calmly since the opening of the week and the market can work out technical nuances calmly, until the fundamental factors are connected.
Resistance levels: 1.7196 - 1.7304
Support levels: 1.7107, 1.7016
Zones of interest are located behind the local lows, but from a technical point of view, the market is most interested in liquidity beyond 1.6787 and there are all chances to reach this zone, as there are no obstacles below 1.7016. Accordingly, when the support at 1.7016 is broken, a free zone will open up
Regards R. Linda!
EURAUD: Bearish Correction Continues📉EURAUD has broken through and closed below an important horizontal support level during the day.
The highlighted blue section also serves as the neckline for an inverted cup & handle pattern.
This violation suggests that there may be further decreases in price.
The next support level to watch for is at 1.7110.
EUR/AUD: Signs of Exhaustion as Bears Watch 1.7184EUR/AUD looks heavy and vulnerable to downside following Friday’s bearish engulfing candle, leaving the price teetering just above 1.7184—the blow-off top high from August last year.
A break below 1.7184 could encourage bears off the sidelines, creating a setup where shorts may be established beneath the level with stops above for protection. EUR/AUD has tended to stall around big figures during its recent rally, putting 1.7100 and 1.7000 on the radar as initial downside targets. Beyond that, 1.6800 looms, having capped gains in late 2024 and early 2025.
RSI (14) is trending lower but remains overbought, suggesting bullish momentum may be starting to wane. MACD has yet to confirm a bearish signal, though it is curling towards the signal line.
On the fundamental side, the euro has priced in a lot of good news from recent fiscal and geopolitical developments, raising the bar for further upside. Meanwhile, the Aussie remains suppressed by elevated volatility and concerns over China’s growth trajectory amid escalating U.S.-China trade tensions, limiting its ability to capitalise on recent U.S. dollar weakness.
However, if those concerns ease, the Aussie could outperform. That puts today’s policy details from China’s government on boosting consumption in focus. While both the euro and Aussie are heavily tied to China’s economic health, AUD—along with other Asian currencies—stands to benefit more from an improvement in sentiment.