Get started

Euro / Australian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURAUD trade ideas

EUR/AUD: Sellers Gain Momentum Ahead of Lagarde's SpeechTechnical Analysis On the four-hour chart, EUR/AUD is currently fluctuating between the key resistance level at 1.62219 and the support level at 1.61695. Sellers are attempting to push the price below this critical support level. If they succeed, it could lead to further declines, targeting the next support levels at 1.61322, 1.61127, and eventually 1.60847. Alternative Scenario However, if the price manages to break above the resistance level at 1.62219, attention would shift to the next target at 1.63067. Key Events to Watch Chinese manufacturing data has already provided support to the Australian dollar, and ECB President Christine Lagarde's speech later today will be crucial for the euro's direction. Investors are also looking at the Eurozone unemployment rate, which is expected to remain at 6.3%. Any dovish remarks from Lagarde may weaken the euro further, particularly given the likelihood of an ECB rate cut in December.
Short
by Errante
EURAUD BUY SETUP1️⃣ Demand Zone Reaction The price is currently in a clearly defined demand zone, where we’ve seen strong buying interest in the past. This zone has already shown signs of holding support, making it an ideal area to look for a long position. 2️⃣ Volume Profile Confirmation The volume profile shows increased activity near the demand zone, indicating significant interest from buyers in this area. 3️⃣ Fibonacci Confluence The demand zone aligns with the golden pocket area (61.8%–78.6%) of a Fibonacci retracement, adding strength to this level. 4️⃣ Bullish Momentum Potential There are signs of rejection from lower levels, with wicks and candles showing hesitation in breaking lower, suggesting bullish momentum may build from here. 5️⃣ Liquidity Grab The price recently swept the lows, grabbing liquidity from weak hands before a potential move to the upside. Trade Plan: Entry: 1.61900 (current demand zone). Stop Loss: 1.61600 (below the demand zone and liquidity sweep). Take Profit Levels: TP1: 1.62500 (local resistance). TP2: 1.63000 (higher timeframe resistance zone). Bias: The overall market structure remains bullish, with price expected to continue upward after this retracement. Reminder: Always manage your risk. Use proper position sizing and wait for confirmations if needed.
Long
by Safaric
1
Potential bullish bounce?EUR/AUD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.61696 Why we like it: There is an overlap support level that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.60603 Why we like it: There is a pullback support level that is slightly above the 78.6% Fibonacci retracement. Take profit: 1.63624 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURAUD - Doing It Again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURAUD has been bearish trading within the falling channel in red. Currently, EURAUD is approaching the lower bound of the channel. Moreover, the zone marked in blue is a strong support. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support. 📚 As per my trading style: As #EURAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
2
EURAUD Possible SELL The market is currently testing the current Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern. We could see Buyers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
EURAUD Short Opportunity: Rejection Below 1.6200The EURAUD pair has shown signs of rejection near the key resistance levels, with the price now retreating toward 1.6196. Here's the revised analysis: Current Price Action: The pair is trading below the 1.6200 level, indicating the resistance zone around 1.6300–1.6340 remains intact. Bearish momentum appears to be resuming as price starts pulling back. Indicators: The Stochastic RSI is reversing from overbought territory, suggesting downside potential. EMA alignment confirms bearish bias, with the price below the 50 and 200 EMAs. Entry Point: A sell position can be considered around 1.6190–1.6200, with confirmation of further downside (e.g., bearish candlestick). Stop Loss: Place the stop loss above 1.6230 to allow room for minor fluctuations. Take Profit: Target 1: 1.6125 (recent support zone). Target 2: 1.6070 (lower support level). Risk-Reward Ratio: This trade offers a good risk-reward setup, with a potential downside move of ~60 pips compared to a 30-pip risk. If the price breaks back above 1.6230, the bearish outlook will be invalidated. Monitor price action carefully for confirmation.
Short
by fxplusinsights