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EURAUD trade ideas

EURAUD may rebound from 1.6070EURAUD may recover from 1.6000 After stronger than expected CPI data, AUD showed strength again pushing EURAUD down near 1.6000 The aggressive market reaction to the news was really strong and the EURAUD fell by nearly 130 points. The price is recovering today and shows that there is still room for correction. EURAUD already recovered nearly 80 pips. Maybe it was all priced in and the market has refocused on new economic events. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
3
EUR/AUD Trading Signal: BUYDear Traders, We have identified a potential buying opportunity for the EUR/AUD currency pair based on our analytical model. Direction: Buy Enter Price: 1.6102 Take Profit: 1.61356 Stop Loss: 1.60468 Justification: Our forecast is generated using the EASY Quantum Ai strategy, which combines multiple data points and market indicators to predict price movements with high accuracy. 1. Support and Resistance Levels: The current support level has shown strong resilience, providing a potential upward movement from 1.6102. 2. Economic Indicators: Recent economic data from the Eurozone has been favorable, indicating economic strength compared to the Australian Dollar. 3. Trend Analysis: Momentum indicators and moving averages suggest a bullish trend. The market seems to exhibit a consistent upward momentum. 4. Market Sentiment: Sentiment analysis shows a positive bias for EUR, supported by recent news and market behavior. Please ensure that these insights align with your trading plan and risk management before executing the trade. Trade wisely, Your Trading Team
Long
by ForexRobotEasy
Heading into overlap resistance, could it reverse from here?EUR/AUD is rising towards the pivot and could reverse to the pullback support. Pivot: 1.61575 1st Support: 1.60790 1st Resistance: 1.62133 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURAUD: DT ConfirmedBased on the Price Action of the EURAUD, it seems likely that the downtrend will continue. The currency pair broke a significant support level at 1.6242 and is now in oversold territory. It is important to consider the recent encouraging economic data in the Eurozone and the optimistic outlook for the EUR, which may lead to a temporary upward movement, possibly reaching a resistance level at 1.6546 or encountering supply around 1.6650. Major Support begins @ 1.4761, however, we may be able to squeeze a little more downside out of this movement by targeting the Demand Zone @ 144.24.
Short
by ProfessorCEWard
EURAUD Possible Short Position BBMA ReEntry Zone Zero Loss 4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHILO Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
Short
by GreggiBond
2
EURAUD looks set to reach fresh lows as AU CPI reaches 4%The EUR/AUD has edged up at the start of the European session, following a 139-pip fall triggered by a higher-than-expected Australian inflation reading of 4%. In addition, the unemployment rate remains low, causing the market to project an RBA rate hike in August while the ECB cuts rates and deals with the French elections. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
EURAUD Technical Analysis and Trade Idea👉🔍 In this EURAUD analysis, we explore the higher time frame charts which currently indicate a bearish trend with a retrace into resistance. However, price action shows a strong bearish move after todays data release favouring the AUD. Im looking for a possible short term bullish reversal into resistance for a sell opportunity. It's important to note that this is speculative and not a guaranteed forecast. It's prudent to watch for certain price movements to verify a genuine reversal. This video provides a close look at the trend, market structure, and price action. Remember, this content is for educational purposes only and trading carries significant risk. Always ensure you implement strong risk management strategies in your trading practices. 📈🔔
Short
by fxtraderanthony
2