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Australian Dollar/Euro

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AUDEUR trade ideas

EUR/AUD (Euro to Australian Dollar) bullish setup **EUR/AUD (Euro to Australian Dollar) ### **Key Observations:** 1. **Bullish Flag Formation:** - A **bullish flag** pattern has been identified in the chart. - This pattern typically indicates a continuation of the upward trend after a brief consolidation. 2. **Breakout & Target:** - The price has broken out of the bullish flag and is heading toward the projected **target** level. - The target level is marked above the **1.71600** region. 3. **Exponential Moving Averages (EMAs):** - **7-period EMA** (purple) at **1.71457**. - **21-period EMA** (pink) at **1.71340**. - **50-period EMA** (yellow) at **1.71264**. - The price is currently trading **above all three EMAs**, indicating a bullish trend. 4. **Volume Confirmation:** - An increase in volume is visible during the breakout, which supports the validity of the bullish flag breakout. 5. **Current Price Action:** - The price is currently around **1.71542**, moving upwards after breaking resistance. ### **Analysis & Outlook:** - **Bullish Bias:** The breakout of the bullish flag with strong volume suggests a continued upward move. - **Key Support Levels:** 1.71264 (50 EMA), 1.71340 (21 EMA). - **Key Resistance Levels:** 1.71600 (Target level), further resistance might be around **1.7200**. This chart suggests a bullish momentum in **EUR/AUD**, with traders likely aiming for the target area after the breakout.
Long
by TradingStar090
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. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 --------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
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.
by TradeNation
2
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.
Long
by ForexOptimizer
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!
Short
by RLinda
1
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.
Short
by FOREXcom
EURAUD and The Elliott WaveWe are currently in the Development of a massive Flat after Wave 5(Green) hence Wave 3(Black) ended. Wave A(Red) followed and a Wave B(Red) is in the works. Wave B of a Flat has 3 Waves, two of which are impulse and one is corrective. The last wave of the three waves must go beyond the Wave 3. In this case our Wave 3 is marked in Black. Back to our Wave B of the Flat and we can see that the first of the three waves of B is a 5 wave move marked in Blue. Wave 2 was a Zigzag hence Wave 4 must be a Flat. Wave A(Black) was formed and we are currently in the formation of Wave B. Wave A(Yellow) cannot be our Wave B(Black) simply because it did not have 3 waves as mentioned in the paragraph above. As per usual the Math must back up any Elliott Wave analysis. Therefore Wave B(Yellow) cannot go beyond 0%, and Wave C(Yellow) or B(Black) cannot go beyond the 261.8% Fibonacci level.
by machariavictor017
1