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EURAUD trade ideas

EUR/AUD Long Setup – Buy Near 1.6500, Target 1.6700EUR/AUD is approaching a key support level around 1.6500, making it an attractive buying opportunity for a potential upside move. The pair has been consolidating within a range, and this level aligns with strong historical support and a potential Fibonacci retracement zone. On the fundamental side, the Euro remains resilient due to a stable economic outlook, while the Australian Dollar faces headwinds from commodity price fluctuations and a cautious RBA stance. If risk sentiment turns bearish, AUD could weaken further, supporting EUR/AUD upside. Technical Outlook: 1.6500 is a key demand zone where buyers have historically stepped in. A potential bullish reversal is expected from this area, with a target of 1.6700, where previous resistance lies. A breakout above 1.6600 could accelerate buying momentum. Trade Setup: 📍 Entry: Buy near 1.6500 🎯 Target: 1.6700 📉 Stop-loss: Below 1.6460 (adjust based on risk management) Confirmation from bullish candlestick patterns or an upward break in lower timeframes could strengthen the trade setup. Keep an eye on market sentiment and news catalysts that may impact price action. Risk Disclaimer: This is not financial advice. Always use proper risk management and conduct your own analysis before entering a trade.
Long
by justforfreelauncing
1
EURAUD “Neckline” retest? The EURAUD currency pair price action sentiment appears neutral, supported by the longer-term sideways consolidation. However, the recent oversold bounce-back retest of the major resistance at 1.6517 could trigger a bearish reversal. The key trading level is at 1.6517, which is the double-top “neckline” zone. A bearish rejection from the 1.6517 level could target the downside support at 1.6350 followed by 1.6300 and 1.6220 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.6650 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.6740 resistance followed by 1.6810 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Lingrid | EURAUD pullback to SUPPORT with Trend CONTINUATION FX:EURAUD market is currently trading at the key level of 1.65000 and is near the previous day's high. EURAUD is showing bullish momentum by making higher highs and higher lows. Given this trend, I think the market is likely to move to higher levels since the price closed above the psychological level on the 1H timeframe. However it may consolidate around this level before breaking through. If the market pulls back and rejects the support level and the upward trendline, I expect the price to rebound from these support levels. My goal is resistance zone around 1.65700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
EURAUDImpact of Australian CPI on EUR/AUD Trade Directional Bias The upcoming Australian Consumer Price Index (CPI) release, forecasted at 2.6% year-over-year, could significantly influence the EUR/AUD trade directional bias. Here's how: 1. CPI Impact on AUD Higher CPI: If the actual CPI figure exceeds 2.6%, it might reduce expectations for further interest rate cuts by the Reserve Bank of Australia (RBA). This could strengthen the AUD, potentially weakening EUR/AUD. Lower CPI: Conversely, if CPI is below expectations, it might increase the likelihood of RBA rate cuts, which could weaken AUD and support EUR/AUD. 2. Trade Directional Bias for EUR/AUD Bullish Scenario: If CPI is lower than expected or shows signs of easing inflation, EUR/AUD might rise as AUD weakens. Bearish Scenario: If CPI is higher than expected, indicating stronger inflation, EUR/AUD could decline as AUD strengthens. Heads of RBA and ECB RBA Head: The head of the Reserve Bank of Australia is Michele Bullock. ECB Head: The head of the European Central Bank is Christine Lagarde. Summary The CPI release will be crucial for determining the short-term direction of EUR/AUD. I Will monitor the actual CPI figure closely and adjust my strategies based on whether it aligns with or diverges from market expectations and sentiment . DO your own research please.
by Shavyfxhub
EURAUD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Short
by thegoldenbear
bearish ride for EURAUDafter breaking the support quite clearly the price retraced marked first LH after getting rejection from Fib .618 level and then posted LL. The current scenario is quite similar to the old one as the price was retraced to the .618 Fib level and moved downwards. Instant short can be an option by placing SL on the LH or we can wait till the Alligator indicator changes its shape downwards and opens its mouth and then we will sell on the green line and our SL will be above the blue line. 1:2 RR should be the target
Short
by faisal-101
4-hr EUR/AUD: Can We Capture 100 pips ProfitThe EUR/AUD currency pair has encountered a significant resistance level, failing to break above the critical 61% Fibonacci retracement level. This suggests that bullish momentum is weakening, reinforcing the case for a potential downward move. Given this technical setup, we favor entering a short position at the current levels, aligning with the ongoing bearish trend. Additionally, the presence of a Death Cross—a widely recognized technical pattern where the 50-day moving average crosses below the 200-day moving average—further confirms the likelihood of continued downside pressure. This classic sell signal strengthens our bearish outlook, indicating that sellers are in control of the market. For risk management, we set a stop-loss above 1.6550 to protect against potential upside breakouts. Meanwhile, our profit target is placed below 1.6350, ensuring a favorable risk-to-reward ratio. This setup allows traders to capitalize on the prevailing bearish trend while maintaining disciplined risk management.
Short
by Trendsharks
EURAUDOn 26th February Australian Bureau of Statistics will release the CPI y/y which Measures the Change in the price of goods and services purchased by consumers What is CPI? The Consumer Price Index (CPI) is a statistical measure that tracks changes in the prices of a basket of goods and services commonly purchased by households. It is a widely used indicator of inflation, which is the rate at which prices for goods and services are rising. CPI is calculated as a weighted average of prices for a representative basket of goods and services. The weights reflect the relative importance of each item in consumer spending. Data Collection: Prices are collected monthly from a sample of retail and service establishments. The data includes a wide range of items such as food, housing, clothing, and healthcare services. Use: CPI is used to measure inflation, adjust wages and pensions for inflation, and inform monetary policy decisions. How Does CPI Affect Monetary Policy? CPI plays a crucial role in shaping monetary policy because it provides a direct measure of inflation, which is a key objective for central banks. Here’s how CPI influences monetary policy: 1. Interest Rate Decisions Inflation Targeting: Central banks often have an inflation target (e.g., 2% in many countries). If CPI indicates that inflation is rising above this target, central banks may increase interest rates to curb inflation by reducing borrowing and spending. Economic Stimulus: Conversely, if CPI shows inflation is below target or the economy is slowing, central banks might lower interest rates to stimulate economic growth by making borrowing cheaper. 2. Economic Growth and Stability Growth Indicators: CPI helps policymakers assess the overall health of the economy. High inflation can erode purchasing power and reduce economic growth, while low inflation might indicate economic stagnation.Stability Measures: By monitoring CPI, central banks can implement policies to maintain economic stability, ensuring that inflation remains within acceptable limits without stifling growth Changes in CPI can influence currency markets. Higher inflation might lead to a weaker currency as investors seek higher returns elsewhere, while low inflation could strengthen a currency by attracting investors seeking stable returns. Consumer Price Index (CPI) Year-over-Year and Construction Work Done Quarter-over-Quarter releases might impact on EUR/AUD trade directional bias: 1. CPI Year-over-Year Forecast: 2.6% (previous 2.5%) Impact: A higher-than-expected CPI figure could indicate rising inflation, which might lead to expectations of less aggressive rate cuts by the Reserve Bank of Australia (RBA). This scenario could support the AUD, potentially weakening EUR/AUD. Bias: Bearish for EUR/AUD if CPI exceeds forecasts. 2. Construction Work Done Quarter-over-Quarter Forecast: 1.0% (previous 1.6%) Impact: A decline in construction activity could signal economic slowdown, potentially weakening AUD. However, this indicator is generally less influential on currency markets compared to inflation data. Bias: Mildly bullish for EUR/AUD if construction data disappoints significantly. Overall Impact on EUR/AUD Bullish Scenario for EUR/AUD: If the CPI figure is in line with or below expectations, and construction data shows a significant decline, EUR/AUD might rise. Bearish Scenario for EUR/AUD: If CPI exceeds forecasts, indicating stronger inflation and potentially less RBA rate cuts, EUR/AUD could decline. In summary, CPI is a critical tool for central banks to gauge inflation and make informed decisions about monetary policy, which in turn affects economic growth, interest rates, and currency values.
by Shavyfxhub
EURAUD double top “neckline” at 1.6517The EURAUD currency pair price action sentiment appears neutral, supported by the longer-term sideways consolidation. However, the recent oversold bounce-back retest of the major resistance at 1.6517 could trigger a bearish reversal. The key trading level is at 1.6517, which is the current swing high. A bearish rejection from the 1.6517 level could target the downside support at 1.6350 followed by 1.6300 and 1.6220 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.6650 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.6740 resistance followed by 1.6810 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
$EURAUD Double Top Breakdown—More Downside Ahead?PEPPERSTONE:EURAUD PEPPERSTONE:EURAUD is now trading below the double top neckline/support , increasing the likelihood of further downside pressure. The default target for this pattern sits at 1.6276, aligning with the 200% Fibonacci extension. At this stage, we are closely watching the 1.6357 support level —a break below this zone could trigger heightened volatility and accelerate selling pressure. If this move materializes , we anticipate the formation of a bullish symmetrical pattern near 1.6235 , converging with the 61.8% Fibonacci retracement level at 1.6286. 📌 Key Levels to Watch: 🔻 1.6357 support—break below may fuel increased downside momentum. 🎯 1.6276 target (200% Fibonacci extension). 🌀 Potential bullish symmetrical pattern near 1.6235. 📊 Major confluence zone at 1.6286 (61.8% Fibonacci retracement). Final Note: We remain neutral for now, but if 1.6357 breaks, the bearish bias may strengthen. Should the bullish symmetrical pattern form, caution will be required in assessing any potential rebound. Happy Trading, André Cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
Short
by Andre_Cardoso