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Euraudlong

EurAud approaching strong support, Great R:R trade in sightAfter the large double bottom that took 6 months to complete back in 2022 and the break of the neckline in October, EurAud reached a high at 1.6 and started to correct and consolidate. Now the pair is trading near support again and traders could look for buying opportunities in this zone. Considering the importance of the break I don't think the H&S from October will play and I favor range trading for this pair. As I said, the bottom of this range is in the 1.53 zone and swing traders could target 1.6 for their trades. 1.5650-1.5700 is also resistance. This outlook is negated by a drop under the neckline that should offer support at this point.
Long
by Mihai_Iacob
4
EURAUD - LONG SETUPHii everyone 🙂 EURO does suggest incoming buying power on the higher time frames as the weekly price action passed above MA's of 20/50 and 100 which is a great sign already. We have crossed MA 200 on the 4-hour and we also have a bullish engulfing candlestick closure bouncing of MA 20 to confirm our entry. Both currencies are being bought by the hedge funds. However, it's important to note that President Lagarde's speech at 6 p.m. today could significantly impact this trade. 😊
Long
by fxtraderkristina
Buying EURAUD at previous resistance.EURAUD - 24h expiry - We look to Buy at 1.5620 (stop at 1.5550) Previous support located at 1.5600. Previous resistance located at 1.5700. There is no indication that the rally is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 1.5600 will confirm the bullish momentum. Our profit targets will be 1.5800 and 1.5850 Resistance: 1.5700 / 1.5800 / 1.5850 Support: 1.5600 / 1.5550 / 1.5500 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets