: EUR/AUD | Rising Wedge Pattern Near Key ResistanceEUR/AUD has been consolidating after forming a clear Rising Wedge structure between the first peak (Top 1) and the second peak (Top 2). Price action has recently tested the resistance area around 1.7860–1.7900, while holding above a demand zone near 1.7820.
From a market structure perspective:
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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.
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EURAUD Forming Bullish ContinuationEUR/AUD is edging above a persistent resistance zone around 1.7950–1.7970 on the 8-hour chart. The pair has formed a classic two-leg corrective structure, and the recent higher low suggests bullish continuation. A clean break and hold above this resistance could pave the way for a retest of the 1.82
EURAUD Is Bullish! Buy!
Please, check our technical outlook for EURAUD.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.785.
The above observations make me that the market will inevitably achieve 1.787 leve
EUR/AUD – Second Chance for Bears?About a month ago, I drew attention to a potential long-term short setup on EUR/AUD, highlighting that the pair had formed a measured move pattern after the sharp drop from 1.85.
Since then, price broke below the rising trendline, but at that moment the drop lacked follow-through, and EUR/AUD bounc
EURAUD, We are still in.In the higher timeframes, the pair is bullish, very, and that's where the problem is, that there aren't recent structures to break to signify a trend shift.
In the weekly timeframe, the pair is still bullish, facing the same monthly situation of lacking recent structures.
In the daily timeframe thou
EURUAD LOOKING PROMISING FOR A BUY!!!! WATCHOUT Here’s H1 timeframe on EURUAD and we’re looking forward to buying upon the break/retest of 1.79228 Technical analysis suggest the possible buy opportunity as we see a break of the previous local trendline and a retest to it which signals bullish strength . Therefore, we plan to go long on this pair.
EUR/AUD Analysis – Symmetrical Triangle FormationKey Observations:
Pattern Type: Symmetrical triangle with converging trendlines.
Higher lows show demand stepping in.
Lower highs signal sellers defending resistance.
Volume Profile: Volume is tapering off, aligning with triangle logic → explosive move likely upon breakout.
Liquidity Pool Below
EURAUD Will Fall! Short!
Here is our detailed technical review for EURAUD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.787.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recom
EURAUD to find buyers at market price?EURAUD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A mo
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Displays a symbol's price movements over previous years to identify recurring trends.
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.
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