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Australian Dollar/Euro

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AUDEUR trade ideas

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.
Long
by LORDOFTHETRADERS
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!
Long
by somayehbasiri
EurAud..Daily Volume Imbalance fillGood day traders, I’m back with another great idea on EurAud and what I like about this setup, is that we can also learn from it. On our daily TF we have a clear volume imbalance since price opened on Monday with a gap and it failed to fill the gap last week meaning it might happen this week where price can fill the gap. On the chart I’m showing you the high/low of the volume imbalance but you can add the midpoint of that gap too if you wish to do so. Price tried filling that gap but we can see it failed to do so because price did not even get to the midpoint of the VI, after it touched the lower quarter of the VI, it pushed lower showing weakness in price. Jumping to the present TF 4H here we can see that we have a bullish flow in price but out structure remain bearish. Going into the new week we wanna see price continue in its original structure to Atleast our first presented FVg that has been noted on the chart. Currently price is inside an inverted FVG which again supports our narrative. We can expect price to fill the 1st.PFVG on Tuesday the latest before it can move higher and for the week we want to see price close above the volume imbalance.
Long
by FxPipMaster_TebohoMatla
1
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