EURAUD trade ideas
EURAUD Bullish breakout retest? The EURAUD currency pair maintains a bullish sentiment, supported by a longer-term uptrend. Recent price action has confirmed a breakout above a key level, but the possibility of a retracement remains, making it crucial to assess both bullish and bearish scenarios.
Key Levels to Watch
Resistance Levels: 1.6980, 1.7070, 1.7190
Support Levels: 16800, 1.6650, 1.6500
Bullish Scenario
If EURAUD sustains price action above the 1.6800 breakout level, it could signal strong bullish momentum. A successful retest of this level as support may provide a foundation for further upside, with key resistance targets at 1.6980, followed by 1.7070 and ultimately 1.7190 in the longer term.
Bearish Scenario
A failure to hold above 1.6800, followed by a confirmed breakdown and daily close below this level, would weaken the bullish outlook. In this scenario, selling pressure could intensify, leading to downside targets at 1.6650, with further retracement potential toward 1.6500 over an extended timeframe.
Conclusion
EURAUD remains in a bullish structure, but price action around the 1.6800 level will be critical in determining the next move. A strong hold above this level could reinforce further gains, while a breakdown below it may trigger deeper retracements. Traders should monitor key support and resistance levels closely for confirmation of the next directional move.
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 - Areas of Interest!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been overall bullish, trading within the rising channel marked in green, however it is currently retesting the upper bound of the channel.
Moreover, the red zone is a strong resistance zone.
📉 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance and upper blue trendline acting as a non-horizontal resistance.
📈 Moreover, as it retests the lower bound of the channel and blue support, I will be looking for longs.
For now, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURAUD Bullish Momentum in Play — Targeting 1.69500OANDA:EURAUD is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off the midline suggests buyers are maintaining control, supporting a potential continuation of the uptrend.
As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact.
A potential upside target is 1.69500, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum.
However, a breakdown below the green support zone would invalidate the bullish scenario and may open the door for a deeper pullback.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
EURAUD – Bullish Continuation Toward 1.68270OANDA:EURAUD is currently trading within an ascending channel, maintaining a strong bullish structure. The price has broken above a key resistance zone and may now be pulling back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward 1.68270, which aligns with the upper boundary of the channel. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have! 🚀📈
EURAUD Wave Analysis – 3 March 2025
- EURAUD broke key resistance level 1.6770
- Likely to rise to resistance level 1.6900
EURAUD currency pair today broke sharply above the key resistance level 1.6770, which stopped the earlier waves (2) and 2, as can be seen below.
The breakout of the resistance level 1.6770 accelerated the active short-term correction ii of the higher order impulse wave 3 from the start of February.
EURAUD currency pair can be expected to rise to the next resistance level 1.6900 (which reversed the price sharply at the start of August).
EUR-AUD Bullish Breakout! Buy!
Hello,Traders!
EUR-AUD is trading in an
Uptrend and the pair made
A bullish breakout of the
Key horizontal level of 1.6777
And the breakout is confirmed
So we will be expecting a
Further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
EURAUD I Consider This Before Shorting Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURAUD Sell IdeaFollowing a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Sell decision.
EURAUDWe have CHOCH thats main the price change from downtrend to uptrend, and as we see we have strong zone to take long
LR
EurAud is bearishwhile we were expecting the pair went upward ,we observed that a reversal pattern made and price started heading south .
double top pattern as reversal one and head and shoulder as continuation pattern is depicted on the chart
let's see what would happen
EUR/AUDOn Daily,
we notice Lower-High one after the other, and threee on the row. This Friday, it made a Spinning Top Doji which is a Bearish Candle. It also, Making Lower-Low sharper than Higher-Low.
On 1H,
It has made a inverted "V" reversal with a presize neck. If the neck breaks, and confirmed, then Bearish move is the game.
EURAUD at Key decision point, The Week Ahead 03rd March '25The EURAUD currency pair remains in a neutral stance within a longer-term consolidation phase, reflecting indecisive market sentiment. Recent price action has seen an oversold rebound toward a key resistance level, which may define the next directional move.
Key Levels to Watch
Resistance Levels: 1.6740, 1.6812, 1.6950
Support Levels: 1.6517, 1.6400, 1.6350
Bullish Scenario
A decisive breakout above the 1.6740 resistance level, confirmed by a daily close, could invalidate the current bearish outlook. Such a move would indicate bullish momentum, with potential upside targets at 1.68120, followed by 1.695 in the medium term.
Bearish Scenario
Conversely, if 1.6740 acts as a firm resistance and price faces rejection, a downside move could unfold. A sustained decline below 1.6517 may accelerate bearish momentum, targeting 1.6400 (200 DMA) and eventually 1.6350 over the longer term.
Conclusion
EURAUD is currently at a key decision point, with price action around the 1.6740 resistance likely to determine the next directional bias. A breakout higher could open further upside potential, while a rejection from this level may reinforce bearish pressure. Traders should remain cautious and wait for confirmation before positioning for either scenario.
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 REVERSAL PATTERN SPOTTED!Price has formed a double button reversal patter in the daily timeframe. This shows there could be a possibility of buyers to continue pushing the price higher. We have alot of economic indicators/news coming up next week. We’d be expecting High volatility in prices. If we’d get a retest to the neckline price of 1.66308. We’d be going long
EUR_AUD RESISTANCE AHEAD|SHORT|
✅EUR_AUD is going up now
But a strong resistance level is ahead of 1.6800
Thus I am expecting a pullback
And a move down towards the target of 1.6700
SHORT🔥
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EURAUD at Key Resistance Zone – Will Sellers Step In?OANDA:EURAUD has reached a significant resistance zone, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers regain control.
If the price confirms resistance within this zone through bearish price action (e.g., wicks or rejection candles), we could see a move toward 1.66260, which aligns with a logical target based on recent structure.
However, if the price breaks and holds above this resistance area, the bearish outlook may be invalidated, potentially opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
EUR/AUD: Strong Support and Buyers InterestEUR/AUD has found a strong support level and is currently showing signs of increased buyer interest, suggesting a possible reversal in the price movement. This interest from buyers indicates that there may be a good opportunity for the price to rise. However, there is a bearish trend line acting as resistance that could create a challenge for any upward movement.
If the price can break through this bearish trend line, it would signal strong momentum from buyers and could lead to upward trend. Alternatively, if the price struggles to break this resistance, it may continue to face downward pressure and remain within the bearish trend.
EURAD - Analysis and Potential Setups (Intraday- 26.02.25)Overall Trend & Context:
This pair is in an overall uptrend since last week.
Technical Findings:
Price is trading above 25, 50,100 and 200 EMA's on the daily chart.
Bullish price action is evident during London, we may see manipulation during NY (keep an eye out on the LTF demand levels).
Notes:
Relatively aggressive entry considering we're currently trading at a HTF supply zone, so make sure to manage your risk accordingly.
Sorry for being MIA for a minute!
I'm still here and the setups will continue to come.
Happy Hunting Predators!
Apex Out!
EURAUD Bullish Breakout!
HI,Traders !
EUR-AUD was trading
Beneath the falling resistance
Line but now we are seeing a
Bullish breakout so we are
Now locally bullish biased
And we will be expecting a
Further bullish move up !
Comment and subscribe to help us grow !
17-02-2025 _ Short Term Bearish Idea _ EURAUD D11. Double Top
2. Bearish Divergence.
3. Convergence.
4. Pullback has happened.
5. One can expect further continuation to the downside.
EURAUD (Bearish) has been reach to Strong resentence level What has been done will be done again there is nothing new under the sun ☀️ (W.D.G)
