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EURAUD trade ideas

EURAUD Will Go Lower! Short! Here is our detailed technical review for EURAUD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.705. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.695 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURAUD to see a turnaround?EURAUD - 24h expiry We are trading at overbought extremes. Bearish divergence is expected to cap gains. The rally is close to a correction count on the daily chart. We look to Sell a break of 1.6950. A lower correction is expected. We look to Sell a break of 1.6950 (stop at 1.7010) Our profit targets will be 1.6740 and 1.6710 Resistance: 1.7070 / 1.7100 / 1.7250 Support: 1.6950 / 1.6850 / 1.6730 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURAUD Trending Higher – Bullish Continuation Toward 1.70800OANDA:EURAUD is currently trading within an ascending channel, maintaining a bullish structure. The price has broken above a key resistance zone and is now pulling back for a potential retest. This level previously acted as resistance and may now turn into support, aligning with a bullish continuation. If buyers confirm support at this zone, the price is likely to move upward toward the 1.70800 target. However, a failure to hold this level could indicate a potential shift in momentum. 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! 🚀
Long
by DanieIM
3
EURAUD, EURNZD and AUDNZD - Quick technical pieceWe are seeing strong move in the euro just before the ECB rate decision on Thursday. However, let's not forget that we will get some action from the RBA and RBNZ in the first days of April. MARKETSCOM:EURAUD and MARKETSCOM:EURNZD are at key resistance areas, which could be interesting for the sellers. That said, we have not received any reversal signal yet, so the bears need to wait for a bit. Let's dig into the technicals. FX_IDC:EURAUD FX_IDC:EURNZD Let us know what you think in the comments below. Thank you. 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
EURAUD UpdateEURAUD Long Position Update On February 23, 2025, I initiated a long position on EUR/AUD at an entry price of 1.64185. As of March 4, 2025, the pair is trading at 1.6919, reflecting a gain of approximately 500 pips. ECB.EUROPA.EU Key Observations: Trend Analysis: Since the entry date, EUR/AUD has exhibited a consistent upward trend, moving from 1.64185 to 1.6919. Support Levels: The pair has maintained support above the 1.6600 mark, indicating sustained buying interest. Resistance Levels: The pair is approaching the psychological resistance at 1.7000, which may present a challenge for further upward movement. I had previously shared this trade setup before these gains materialized, highlighting the importance of thorough analysis and patience in trading. Note: All trading activities involve inherent risks. Past performance does not guarantee future results.
Long
by Wainainarobert
EURAUD — Sell Setup at Key Resistance LevelOANDA:EURAUD is approaching a major resistance zone, highlighted by strong selling interest. This area has historically acted as a supply zone, increasing the likelihood of a bearish reversal if sellers step in. The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 1.68380 — a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, 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!
Short
by TrendDiva
2
EURAUD Bullish Continuation - Will Buyers Push Toward 1.70220?OANDA: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 pull 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 1.70220, 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! 🚀📈
Long
by DanieIM
1
EUR/AUD 4H – Bullish Structure with Possible Retest Zones📌 Pair: EUR/AUD ⏳ Timeframe: 4H 📈 Market Overview: EUR/AUD has been in a strong bullish trend, pushing towards 1.7000+ levels, breaking previous resistance zones. However, we are now approaching a critical area where price could either consolidate or retrace before continuing higher. 🔍 Key Levels to Watch: 1.71825 – Daily Resistance: A major level where sellers may step in. 1.70048 – Recent High: Current price has reached a key psychological level. 1.68461 – Broken Support: Potential retest zone. Fair Volume Gaps: Gaps indicate possible areas for retracement before a continuation. Fibonacci Retracement Levels: 0.382 - 1.67569 0.5 - 1.66814 0.618 - 1.66058 📊 Trade Plan: 🔹 Scenario 1 - Bullish Continuation: If price consolidates above 1.68461 and forms a strong rejection, we could see a continuation towards 1.71825. 🔹 Scenario 2 - Pullback & Retest: If price retraces into the Fair Volume Gap zones or Fib levels, we can look for bullish confirmations before entering long positions. 💡 Trade Sentiment: ✅ Bullish Bias remains strong 📍 Watching for a healthy pullback before further upside 📉 Bearish reversal only if price breaks below 1.6600
Long
by FaithdrivenTrades
EURAUD SELL / BUY TRADE PLANS✅ PRIMARY TRADE – HIGH-CONFIDENCE SELL (1.6950 – 1.7000) 🔻 Entry: Sell Limit at 1.6950 – 1.7000 🔻 SL: 1.7030 (Above liquidity grab & invalidation zone). 🔻 TP1: 1.6900 (First support, move SL to breakeven). 🔻 TP2: 1.6850 (Demand zone retest). 🔻 TP3: 1.6800 – 1.6750 (Full reversal target). ✅ Risk-Reward Ratio: 1:3+ 🎯 Confidence Level: ✅✅✅✅ (High Probability Trade – Strong Technical Confluence). 🔹 Price is overextended bullish & hitting strong resistance. 🔹 Volume shows weakening buyers at key resistance. 🔹 If price fakes out above 1.7000 and closes below 1.6950 → High probability sell. ✅ SECONDARY TRADE – MEDIUM-CONFIDENCE BUY (1.6800 – 1.6850) 🔹 Entry: Pending Buy Limit at 1.6800 – 1.6850 🔹 SL: 1.6780 (Below demand zone). 🔹 TP1: 1.6900 (Nearest resistance, move SL to breakeven). 🔹 TP2: 1.6950 (Major resistance). 🔹 TP3: 1.7000 – 1.7050 (Full extension if momentum continues). ✅ Risk-Reward Ratio: 1:3+ 🎯 Confidence Level: ✅✅✅ (Medium Probability Trade – Needs Price Reaction Confirmation). 🔹 Buy trade depends on price holding 1.6800 – 1.6820 as strong support. 🔹 If price rejects before reaching demand or consolidates, momentum may weaken. 🔹 Higher risk if price creates a lower high and sellers regain control. Final Decision: 🔥 Sell remains the primary trade (1.6950 – 1.7000) due to exhaustion. ⚠️ Buy is only valid if price confirms support at 1.6800 – 1.6820. 🚫 If price breaks below 1.6770, buy setup is invalid. 💯 This is the most refined entry plan for both buy and sell setups! 🚀
by jibkhan111
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.
by TradeNation
2
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.
by TheSignalyst
2
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!
Long
by TrendDiva
3
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! 🚀📈
Long
by DanieIM
1