EURAUD: Rebound to 1.798 is high probabilityI am watching for a reversal here EURAUD as marked on my chart, expecting a rejection with a upside target at around 1.798.
This are is where it can become a decision point, either price finds support and bounces, or it breaks below, and that’s when we might see the move start to extend lower.
If
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.
Related currencies
EURAUD → Correction for accumulation before growthFX:EURAUD reaches the zone of interest during a correction and forms a false breakdown of local support. Traders can switch to the buy side to support the trend.
Against the backdrop of a global bullish trend and a correction in the euro, the currency pair is following this movement, the essen
EURAUD Breakdown Incoming? Price + COT + Seasonality🧠 MACRO & INSTITUTIONAL FLOWS (COT)
EURO (EUR)
Strong increase in net long positions by non-commercials: +16,146
Commercials also added long exposure: +25,799
Bias: moderately bullish
AUSTRALIAN DOLLAR (AUD)
Non-commercials remain heavily net short (long/short ratio: 15% vs 63.6%)
Slight increase
Lingrid | EURAUD Trend Continuation Pattern FX:EURAUD is maintaining bullish momentum within a broad upward channel after bouncing from the 1.7900 support zone and forming a triangle continuation pattern. Price is coiling just below the 1.8000 handle and the red resistance boundary of the channel. A confirmed breakout above 1.8000 could open
EURAUD Rebound From 1.77200 is High ProbabilityEURAUD has reached a key support zone near 1.77200, aligning with the ongoing bullish global trend. The current price action appears to be a correction phase, particularly influenced by short-term weakness in the Euro.
According to technical chart conditions, this correction is likely nearing compl
EUR_AUD WILL GO UP|LONG|
✅EUR_AUD is trading in an uptrend
And the bullish bias is confirmed
By the rebound we are seeing
After the pair retested the support
So I think the growth will continue
LONG🚀
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EURAUD: Double Top Potential ReversalEURAUD is setting up for a potential bearish reversal, highlighted by a clear Double Top pattern. This price action, combined with bearish divergence on the RSI. A decisive break below the pattern's neckline will confirm the bearish outlook, targeting further downside.
EUR-AUD Will Fall! Sell!
Hello,Traders!
EUR-AUD keeps trading in
A strong uptrend and the pair
Is locally overbought so as the
Pair is retesting a horizontal
Resistance of 1.8019 from
Where we will be expecting
A local pullback on Monday
Sell!
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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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