EURAUD: Pullback Trade From Support 📉EURAUD appears to be bullish following a test of significant daily/intraday support.
An inverted head and shoulders pattern has formed on the 4-hour chart, and strong bullish momentum observed this morning suggests positive movement.
I believe the market may retrace to the 1.7600 resistance lev
About Euro / Australian Dollar
The Euro vs. the Australian Dollar. This pair is considered to be a great barometer for global risk. In 2012, during the European sovereign debt crisis the EURAUD reached its low. Since then, due to the European Central Bank’s policy of Outright Monetary Transactions (OTM or the “whatever it takes” measure ) the pair has recovered substantially.
EURAUD: A Risky and Bearish Trading SetupEURAUD: A Risky and Bearish Trading Setup
Since Wednesday, EURAUD has surged over +370 pips in just two days, despite the move lacking a clear catalyst. It appeared to be a pure bullish impulse. Notably, AUD failed to show strength even after the U.S.–China trade agreement, which would typically s
euraud buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it acc
EURUSD - Short Opportunity Ahead EURUSD is currently approaching a key resistance level after a strong upward move. Price action is showing signs of exhaustion, and bearish signals are beginning to emerge. If the pair fails to break above the resistance and confirms a rejection, we may see a short-term pullback or a potential trend
EUR/AUD Bullish Channel Trade Setup –Demand Zone Bounce Strategy📉 1. Downtrend Ends
🔽 Price was falling earlier (left side of chart)
🔄 Then it reversed at the bottom of the channel (yellow dot)
➡️ Trend Change Begins
📈 2. Uptrend Channel Forms
📊 Channel consists of:
🔵 Resistance Line (upper blue)
🟢 Support Line (lower blue)
🔁 Price is bouncing between the
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
EURAUD to find buyers at previous swing lows?EURAUD - 24h expiry
The primary trend remains bullish.
Price action looks to be forming a bottom.
Preferred trade is to buy on dips.
The selloff has posted an exhaustion count on the daily chart.
Bespoke support is located at 1.7490.
We look to Buy at 1.7490 (stop at 1.7460)
Our profit targe
EURAUD INTRADAY Bearish Wedge continuationTrend: Bearish
Current Move: Oversold bounce toward resistance
Key Resistance: 1.7645 – Prior consolidation zone
Key Supports:
1.7400 – Immediate support
1.7273 – Secondary support
1.7120 – Longer-term target
Scenario 1 – Bearish Continuation:
If price fails to break above 1.7645 and shows re
EURAUD: Bearish Continuation & Short Trade
EURAUD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell EURAUD
Entry Level - 1.7760
Sl - 1.7819
Tp - 1.7660
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a mo
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The value of the EURAUD pair is quoted as 1 EUR per x AUD. For example, if the pair is trading at 1.50, it means it takes 1.5 AUD to buy 1 EUR.
EURAUD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURAUD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.