EURAUD to find buyers at previous resistance?EURAUD - 24H expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the daily chart.
Preferred trade is to buy on dips.
Price action looks to be forming a bottom.
Bespoke support is located at 1.7500.
We look to Buy at 1.7500 (stop at 1.7450)
Our profit targets will be 1.7700 and 1.7730
Resistance: 1.7630 / 1.7680 / 1.7725
Support: 1.7520 / 1.7450 / 1.7400
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EURAUD trade ideas
EUR/AUD: Gearing Up for a Bullish Break !!EUR/AUD is holding strong above demand and showing signs of reversal. If we get a confirmed break above the trendline or recent highs, bulls could drive price toward key resistance levels.
🎯 TP1: 1.75228
🎯 TP2: 1.75837
Eyes on structure and momentum!
📌 (Not financial advice)
#EURAUD #ForexSetup #PriceAction #BreakoutAlert #FXTrading #SmartMoney #EuroAussie #TechnicalAnalysis
EurAud update.Good day traders, I’m back with yet another update on EurAud. In the description I will tag my previous setup on EurAud to show you where we are in price and I left the drawings as they were to help you understand price more.
On Monday price opened with that same bullish flow and pushed till the low of the volume imbalance as expected but as we can see that FVG was able to hold price above. From the original setup what price did yesterday was expected Thursday or Friday the latest, so since price did not go for that 1st.PFVG on Monday and Tuesday, we can now expect price to go for that level.
If we take a closer look at that leg higher from that FVG, we have a balanced price range that we can expect price not to respect.
EURAUD Daily candle shows buyer strengthenDaily candle closed with strong bullish candle.
It breaks Support Become Resistant zone (refer chart).
Now, that zone will become support again in my opinion.
I'm expecting today, candle will retest that zone and fly to the moon.
wait for the price at the lower time frame to react at the zone is the best before take any buy position in my opinion.
Good luck
do your own risk & reward calculation.
EUR_AUD SHORT FROM RESISTANCE|
✅EUR_AUD went up just as
We predicted in our previous
Analysis but now the pair has
Almost reached the target
Which is also a local horizontal
Resistance around 1.7620
So after the retest we will be
Expecting a local pullback and
A bearish correction after which
Growth might continue
SHORT🔥
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EURAUD - Expecting Bullish Continuation In The Short TermH1 - Strong bullish move.
Higher highs on the moving averages of the MACD.
No opposite signs.
Expecting further continuation higher until the two Fibonacci support zones hold.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURAUD BULLISH OR BEARISH DETAILED ANALYSISEURAUD is currently presenting a textbook bullish setup with a well-defined falling wedge formation on the daily chart. After a strong impulsive rally in April, price has been consolidating within this wedge, forming consistent lower highs and lower lows—typical of a corrective pattern. Now, with price testing the upper trendline of the wedge, we are positioned for a potential breakout, supported by increasing bullish momentum and clean structure. With the current price around 1.75, the next leg higher toward the 1.85 resistance zone is well on the radar.
From a fundamental perspective, the euro is gaining strength on the back of improving Eurozone macro data, with recent PMI figures showing resilience and inflation staying moderately sticky—making the ECB cautious about aggressive rate cuts. Meanwhile, the Australian dollar continues to face headwinds amid declining commodity prices and weakening consumer sentiment. The Reserve Bank of Australia remains relatively dovish, especially as wage growth plateaus and inflation expectations cool. This EURAUD divergence sets the stage for a broader move in favor of the euro.
Technically, the breakout from this wedge structure would signify the continuation of the prior bullish trend, and given the size of the previous impulsive move, a breakout target of 1.85 is both conservative and well-aligned with market structure. The bullish divergence forming on oscillators such as RSI and MACD also confirms the slowing momentum in the downward move. A clean break and close above 1.7550 would be the trigger point for long positions, with invalidation below 1.7220.
This is a high-probability breakout setup with strong confluence across technical and fundamental indicators. With euro strength coming into play and AUD fundamentals remaining weak, I’m favoring the long side here. A move toward 1.85 is well-supported, and a break above the wedge could trigger significant upside in the coming sessions. This is a setup worth watching closely.
EURAUD Squeeze: Box Breakout Ahead
EURAUD has been moving sideways inside a clear consolidation box pattern between 1.75200 (resistance) and 1.74000 (support).
✅ A Double Top has formed at the top of the box
✅ A Double Bottom has formed at the bottom of the box
This setup signals a potential breakout move is building up. The market is coiling and could soon release strong momentum in one clear direction.
🚀 Bullish Breakout Scenario
If price breaks and closes above 1.75200, we can expect continuation toward:
📌 1.75765 (Fibonacci 1.618 extension – 1st target)
📌 Even higher levels possible if momentum continues.
📉 Bearish Breakout Scenario
If price breaks below 1.74000, downside targets are:
📌 1.73277 (Fibonacci 1.618 extension – 1st target)
📌 Further levels may follow if sellers take control.
🔔 My Plan:
Waiting for a clean breakout and retest on either side before entering.
Avoid trading inside the box—no clear trend there.
This setup has strong potential once a direction is confirmed!
PLAN YOUR TRADES - WHY and HOW I plan to sell EURAUD!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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EurAud Trade IdeaEA is currently starting off this week in a range with clean market structure on the inside. After flipping bullish structures within in the range AFTER respecting the resistance level I'll personally be shorting the pair after the retest if confirmations are shown. We'll see what happens.
EURAUD BULLISH FOR 70PIPS1. Technical Setup (Potential Reversal/Bounce)
Support Zone: If EUR/AUD is near a key support level (e.g., 1.6000-1.5950), a bounce toward 1.6070-1.6100 (+70 pips) is possible.
Oversold RSI: If the RSI is below 30 and starts turning up, it signals a potential rebound.
Bullish Candlestick Patterns: Look for hammer, engulfing, or morning star patterns near support.
2. Fundamental Catalysts
Weak AUD Data: If Australian employment/retail sales disappoint, AUD may weaken.
EUR Strength: Surprise hawkish ECB comments or better-than-expected Eurozone data could lift the EUR.
3. Risk Sentiment Shift
If global markets turn risk-off (stocks drop), the EUR (safe-haven proxy) may gain against the AUD (risk-sensitive).
Trade Plan for +70 Pips
Entry: Near support (e.g., 1.5980-1.6000) with confirmation (bullish candlestick, RSI reversal).
Take Profit (TP): 1.6070-1.6100 (70 pips).
Stop Loss (SL): Below recent swing low (e.g., 1.5930-1.5950, 40-50 pips risk).
Risk-Reward: ~1:1.5 or better.
EUR/AUD Potential Bullish MoveHi Traders.
We saw after a big bullish move this pair formed some correction phase. Right now
we see a break out from a descending channel what is normally a reversal pattern. And we
see a bullish correction forming above this channel. Wait for the breakout from the current correction to confirm this setup.
EURAUD READY FOR ANOTHER SWING RALLYI just entered this EURAUD Swing long trade.
Reason;
Monthly is extremely bullish.
Weekly is extremely bullish.
4H changed trend from downtrend to a bullish structure with confirmation through higher highs and higher lows.
The trade was entered on 4H time frame.
It's a 4RR trade setup.
Euraud daily timeframe
"Hello friends, focusing on EUR/AUD on the daily time frame, the price is currently in a bullish trend and appears to have completed its pullback to a critical level on the daily chart. In the 4-hour timeframe, there are indications of upward momentum.
After observing the price behavior this week, I believe that higher prices are more likely. However, it is important to note that if the price closes below the 1.7100 level on the 4-hour chart, this analysis may prove incorrect."
If you have any more details to add or need further assistance, please let me know!