Technical Analysis of EUR/AUD
🔍 Support Holds Firm
Price bounced strongly from the 1.7550–1.7700 support area, indicating significant buyer interest. This zone has acted as a historical demand level.
📈 Short-Term Bullish Reversal
After a prolonged downtrend, EUR/AUD shows early signs of a bullish reversal. Price has broken above the 50 EMA, with potential to retest the 1.7900–1.7950 zone.
🎯 Upside Target
The first upside target is near 1.8416, aligning with prior structure resistance and Fibonacci confluence.
⚠️ Watch for Retest
If price pulls back toward the support area again, it may offer a buy-the-dip opportunity, provided it holds above 1.7700.
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🔍 Support Holds Firm
Price bounced strongly from the 1.7550–1.7700 support area, indicating significant buyer interest. This zone has acted as a historical demand level.
📈 Short-Term Bullish Reversal
After a prolonged downtrend, EUR/AUD shows early signs of a bullish reversal. Price has broken above the 50 EMA, with potential to retest the 1.7900–1.7950 zone.
🎯 Upside Target
The first upside target is near 1.8416, aligning with prior structure resistance and Fibonacci confluence.
⚠️ Watch for Retest
If price pulls back toward the support area again, it may offer a buy-the-dip opportunity, provided it holds above 1.7700.
If you enjoy, press the like button.
Trade active
Note
Trade running in good profit Note
Price is going upside, let's hold for big moveNote
Price reacted from 1.76200
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.