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EURAUD

EURAUD – Trendline Holds, Bearish Setup Below 1.7626EURAUD Trend: EURAUD pair remains in a strong downtrend, marked by consistent lower highs and a descending trendline. Resistance: 1.7626 has been retested and rejected, confirming it as a short-term ceiling. Structure: The latest rejection from both horizontal resistance and the trendline confirms bearish intent. 🔽 Bearish Targets: 1.7254 – minor support and near-term target 1.7120 – stronger support zone 1.7060 – previous low and potential extended target A clear break below 1.7400 could confirm continuation of the trend toward those levels. Fundamental Overview: 🔻 EUR Weakness: The Eurozone is slowing, particularly in Germany and France. ECB remains cautious; recent comments show concern about tight financial conditions and sticky inflation. Political uncertainties and mixed data prints are adding pressure. 🟢 AUD Support: The RBA remains firm with hawkish language, holding rates while global peers lean dovish. Commodities remain stable, and Australia benefits from demand out of Asia. Domestic data (jobs and retail) shows surprising resilience. Summary: Bias: Bearish below 1.7626 Break Trigger: 1.7400 Target Range: 1.7250 – 1.7060 Fundamentals: Favor AUD on stronger economic footing and RBA policy tone 📉 EURAUD looks ready for another leg lower unless we see a breakout above 1.7630 with conviction.
Short
by ultreosforex
1
EURAUD – Bullish Breakout from Inverse Head & Shoulders + Target🔍 Pattern Insight: Inverse Head & Shoulders – A Powerful Reversal Formation On the weekly timeframe, EURAUD has completed and broken out of a textbook Inverse Head & Shoulders (IHS) pattern — a highly regarded bullish reversal setup that often signals the end of a downtrend and the beginning of a sustainable uptrend. Let’s break it down: Left Shoulder: Formed in mid-2021 after a strong downtrend, price found support and rebounded, forming the initial shoulder low. Head: A lower low was established around early 2022, marking the deepest point of the pattern. This represents the last dominant push by sellers before exhaustion. Right Shoulder: In late 2022 to early 2023, bulls stepped in earlier than before, establishing a higher low — a strong sign of decreasing bearish momentum and accumulation. Neckline : A descending resistance trendline connecting the peaks between the shoulders and the head. Once broken, it confirms the IHS breakout and trend reversal. This multi-year formation reflects a major psychological shift: sellers lost control at the head, and buyers gradually regained dominance at the right shoulder, eventually breaking resistance. 📉 Retest in Progress – High Probability Entry Zone Post-breakout, price action has pulled back for a technical retest of the neckline and curve line support — a dynamic trendline representing growing bullish momentum. This retest is essential for validating the breakout and building the base for a continuation rally. The convergence of support zones (neckline + curve line) around the 1.70–1.72 area provides a strong confluence zone where buyers may step in again. This is often viewed as a second-chance entry for traders who missed the breakout. 🎯 Measured Target Projection & Resistance Levels The IHS pattern gives us a clear measured move: Measured Move Target: Distance from the head to neckline (~2,800+ pips) projected from the breakout point. Target Zone: 1.92 – 1.95, just above the major resistance zone. Resistance Zone: 1.85 – 1.87 is a historically significant supply area and may act as interim resistance. Break and close above the resistance zone would further validate the bullish trajectory and open the door for higher targets. 📌 Risk Management – Defined Parameters To manage risk effectively, consider: Stop Loss: Below the recent retest low and curve line support, ideally placed at 1.63848, protecting against a false breakout. Entry Idea: If bullish confirmation (e.g., bullish engulfing candle, higher low on lower timeframe) appears at retest zone, initiate a long position. Risk-to-Reward (RR): Targeting 1.92 from an entry around 1.72 offers a 4:1 RR or better — highly attractive for swing and position traders. 🧠 Psychological and Structural Significance This pattern is not just technical — it represents behavioral change in the market: The head shows capitulation — a final wave of bearish pressure. The right shoulder indicates growing confidence in bulls and waning selling interest. The neckline breakout is where sentiment flips — traders recognize the change and enter long positions, fueling the breakout. The current retest phase is crucial. Many professional traders wait for this moment to confirm that support holds before fully committing. 🔎 Final Thoughts & Strategy Trend has shifted bullish on the weekly chart after years of consolidation and decline. We’re seeing a classic breakout–retest–continuation setup. A breakout above 1.85 would likely trigger momentum traders and institutions, driving price swiftly toward the 1.92–1.95 range. Invalidation: Break below 1.63848 would invalidate the pattern and shift sentiment back to neutral or bearish. 📈 Trade Plan Summary: Pattern: Inverse Head & Shoulders (weekly) Bias: Bullish Entry Zone: 1.70 – 1.73 (retest area) Target: 1.92+ Stop Loss: Below 1.63848 Risk Level: Medium (weekly setup, but long-term play)
Long
by GoldMasterTrades
EUR/AUD SHORT FROM RESISTANCE Hello, Friends! EUR/AUD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.723 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
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 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.
Long
by OANDA
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🔥 ✅Like and subscribe to never miss a new idea!✅

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by ProSignalsFx
3
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. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
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!
by ClearTradingMind
17
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
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