AUDEUR trade ideas
EURAUD forming a top?EURAUD - 24h expiry
Trading has been mixed and volatile.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bearish divergence is expected to cap gains.
Bespoke resistance is located at 1.7360.
We look to Sell at 1.7360 (stop at 1.7420)
Our profit targets will be 1.7120 and 1.7080
Resistance: 1.7360 / 1.7420 / 1.7470
Support: 1.7275 / 1.7185 / 1.7090
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EURAUD Wave Analysis – 31 March 2025
- EURAUD rising inside impulse wave iii
- Likely to reach resistance level 1.7400
EURAUD currency pair recently reversed from the support zone between the support level 1.7080 (low of the previous wave a), 20-day moving average and the support trendline of the daily down channel from the start of March.
The price earlier broke the resistance trendline of the aforementioned down channel – which accelerated the active impulse wave iii.
Given the clear daily uptrend and the bullish euro sentiment, EURAUD currency pair can be expected to rise to the next resistance level 1.7400 (which stopped the previous impulse wave i).
EUR/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
EUR/AUD SIGNAL
Trade Direction: short
Entry Level: 1.730
Target Level: 1.720
Stop Loss: 1.737
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURAUD SELL SIGNAL. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUD Short IdeaThe EURAUD 4H chart shows a bearish divergence at the recent high, leading to a break of structure (BOS) and a liquidity grab below previous lows. Price has now retraced back to a key supply zone near the 50% Fibonacci retracement level, presenting a potential short opportunity. A rejection from this zone could lead to further downside, targeting liquidity levels around 1.69958.
Break of line EUR/AUDIn 26 March 25, CPI of AUD currency has announced the actual result 2.4%. As the result is lower than forecast, which would lead to retail investor unfavorable to buy more AUD currency. From the chart, we can noticed there is breakout of trendline and we have to wait for reversal to have the confirmation and enter into market.
EURAUD Bearish OutlookHere is my analysis for EURAUD for the coming weeks.
Price is approaching correctively towards the Lower time frame 0.618-0.500 area or Golden ratio, price is currently forming a Running Flat pattern and may react from that Sell zone area.
Once the price reacts on the Sell zone, it will be expected to impulsively move towards the Buy zone area or Higher time frame 0.618-0.500 or Golden ratio. From there, we might be expecting a long-term Bullish Outlook.
EUR/AUD: Wedge Break in SightTraders should be alert to the risk of a resumption of the bullish trend in EUR/AUD.
It’s been coiling within a falling wedge for much of March, with the price rebound over the past two sessions leaving the pair testing downtrend resistance.
A bullish wedge break would put 1.7272 on the radar. If that were to give way it would open the door for a run towards the March 11 high of 1.7420. A stop beneath the downtrend would offer protection against reversal.
RSI (14) has broken its downtrend, suggesting bullish momentum may be starting to build again even though MACD has yet to confirm the signal.
Good luck!
DS
euraud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUD: Bearish Correction Continues EURAUD formed a huge cup and handle pattern and has broken through its neckline on a 4-hour time frame.
This breakout confirms a change in market sentiment and suggests a potential bearish reversal in the near term.
It is possible that the market will continue to decline and could soon reach the 1.7000 level.
EUR/AUD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR/AUD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.712 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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