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EURAUD trade ideas

EUR/AUD: Rebound or Continuation of the Drop?EUR/AUD is in a critical situation after a strong bearish trend that pushed the price into a key support area. Analyzing the daily chart, we can observe that the price is testing a strong demand zone, highlighted in blue, from which a potential rebound towards the upper supply zone (in red) could emerge. The retail sentiment confirms strong short pressure, with 82% of traders positioned on the downside. This excess pessimism suggests, from a contrarian perspective, a possible rebound. Additionally, the oscillator indicates an oversold condition, reinforcing the hypothesis of a correction. From an institutional point of view, the COT data shows a slight reduction in long positions for both EUR and AUD, but with one detail: speculators remain predominantly long on EUR and short on AUD. Meanwhile, hedgers continue to protect themselves against a possible decline in the euro, demonstrating caution. In terms of seasonality, May has historically been a weak month for both currencies, but in the last two years, EUR has shown a slight recovery, while AUD has demonstrated signs of stability. Trading Strategy: Monitor the reaction to the support zone carefully. A bullish signal in this area could pave the way for a rebound towards the upper resistance. However, a bearish breakout would confirm the ongoing downward trend.
Long
by EdgeTradingJourney
3
Bearish to Bullish? EURAUD at a Turning PointThe RBA rate meeting on May 20 could trigger a reversal in EURAUD. We break down the technical setup using multiple timeframes. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
EURAUD – 1H Bullish Divergence - Bullish SetupEURAUD – 1H Bullish Divergence at Key Support | Reversal Play Loading 🌀📈 Hey traders 👋 EURAUD is setting up for a potential bullish reversal on the 1H timeframe, and the confluence here is clean: ✅ Bullish divergence on momentum indicators ✅ Price sitting on a strong support zone This isn’t hype — this is structure + signals lining up. 🔍 Technical Breakdown Price: Recently made a lower low RSI / MACD: Showing higher lows → classic bullish divergence Support: Horizontal level that’s been respected multiple times — price is reacting, not just sitting This divergence at a tested support level means sellers may be exhausting, and buyers could be ready to step in. 📈 What to Watch Look for bullish engulfing or pin bar candles forming at this level Break above recent minor high could confirm the move Targets could be set toward the next resistance zone or Fibonacci retracement levels Stop-loss goes just below the support to protect against fakeouts 💡 Setup Summary Entry idea: Early (based on divergence) or on confirmation breakout SL: Just under support TP: Scale into resistance or swing structure This is a high-R:R setup when played smart — just don’t overexpose on a single timeframe signal. 📌 EURAUD Showing Signs of Life – Will Buyers Step In? Are you taking the early entry, or waiting for confirmation? Let’s chart it out and compare setups 👇 #EURAUD #ForexTrading #BullishDivergence #SupportZone #TechnicalAnalysis #PriceAction #1HChart #ReversalSetup #SmartMoneyForex
Long
by MAAwan
EUR/AUD: Resistance Test Coincides with Rising Risk AversionRiskier asset classes are starting to wobble following the sharp rebound from April’s lows. With signs the correlation between U.S. bonds and the dollar is strengthening again, it suggests the ‘sell America’ trade may be creeping back into favour—potentially an environment where the euro outperforms higher beta currencies. With EUR/AUD testing horizontal resistance, it creates a setup that may suit the current environment. If it can hold above 1.7420 heading into the European open, you could look to establish longs above the level with a stop beneath for protection. The 50-day moving average and resistance at 1.7600 screen as potential targets. Momentum indicators have shifted bearish, so the setup is marginally going against the grain. If EUR/AUD is unable to hold 1.7420, better setups may be found elsewhere. Good luck! DS
Long
by FOREXcom
EURAUD to continue in the downward move?EURAUD - 24h expiry The medium term bias remains bearish. Bullish divergence is expected to support prices. Preferred trade is to sell into rallies. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.7500. We look to Sell at 1.7500 (stop at 1.7560) Our profit targets will be 1.7260 and 1.7230 Resistance: 1.7450 / 1.7500 / 1.7570 Support: 1.7300 / 1.7250 / 1.7220 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 Trade IdeaEa has been bearish on the higher time frames so patience is gonna play out on this pair. My main move would be to short the pair if price could break back below 1.73375 with targets around 1.72475. BUT if price manages to continue bullish structures with a clean retest to the upside than longs would come into play and could potentially tap back into 1.74490. Which ever set up plays out,if I'm not already in another trade, I'll be looking for a 1:3rr with targets near the next level. We'll see what happens.
by OfficialJ23
EURAUD Falling wedge Idea 🧠 Technical Overview: The chart shows EURAUD trading within a falling wedge pattern — a classic bullish reversal formation. Price has respected the wedge boundaries multiple times, indicating strong technical structure. There is also a highlighted demand zone (marked in yellow) around 1.76500–1.77000, which has acted as previous support and resistance. 🔎 Key Elements: ✅ Falling Wedge Pattern Bullish pattern, suggesting a potential breakout to the upside. Price is near the bottom of the wedge, making it a good risk-reward zone for a long (buy) position. A breakout above the wedge resistance would confirm bullish sentiment. 🟨 Horizontal Resistance Zone: 1.7650–1.7700 This zone has acted as a key resistance in the past. If price breaks out of the wedge, this is the logical target area. Traders may consider taking partial profits here or watching for rejection signals. 📈 Trading Plan (Example Idea): Entry (Buy): Consider buying near the lower wedge support, ideally with a bullish candlestick pattern. More conservative entry: wait for a break and close above the wedge resistance. Target: First target: 1.7650–1.7700 (yellow zone) Second target (if momentum is strong): possible continuation toward 1.7850+ Stop Loss: Below the most recent swing low, ideally under 1.7200 for a safe buffer ⚠️ Risk Considerations: A breakdown below the wedge invalidates the bullish idea. Watch for AUD strength due to upcoming Australian data or China-related sentiment. Don’t trade without confirmation (e.g., bullish engulfing candle, volume spike, etc.) 📌 Summary: Pattern: Falling Wedge (Bullish) Bias: Bullish – potential breakout and move toward 1.7700 Key Levels: Support: 1.7200 Resistance: 1.7700 Action: Wait for wedge breakout confirmation or buy near lower boundary with tight stop.
Long
by Forexbeats