EURAUD: Channel Support Opens Room for a Corrective BounceEURAUD: Channel Support Opens Room for a Corrective Bounce
Recently, EURAUD has been in a clear downtrend. Since mid-December, EURAUD has fallen by almost 500 pips or -2.87%.
It seems that the price is developing as a Channel Pattern and we may now be in the formation of wave X.
Whether it move
Euro / Australian Dollar
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About Euro / Australian Dollar
The Euro vs. the Australian Dollar. This pair is considered to be a great barometer for global risk. In 2012, during the European sovereign debt crisis the EURAUD reached its low. Since then, due to the European Central Bank’s policy of Outright Monetary Transactions (OTM or the “whatever it takes” measure ) the pair has recovered substantially.
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EURAUD - Shorts Played, Now Watching the Other SidePreviously, this one was pretty straightforward.☀️
📉As EURAUD approached the upper bound of the falling channel, the bias was clear, we were looking for shorts, and price reacted perfectly from that area.
Fast forward to now, and context has changed.
Price has pushed all the way down into a stron
EUR/AUD | Going lower? (READ THE CAPTION)By examining the 4h chart of EURAUD we can see that it has been gradually dropping in price and is still going lower. It is currently being traded at 1.74870. Should it make a comeback, it'll test the NWOG and dropping from there again is possible.
Bullish Targets: 1.74970, 1.75070, 1.75170 and 1.7
BUY EUR AUD DAILY support Buying the EUR AUD for a massive up swing of RR 1:4.
This is looking like solid support, the target is relatively high, but I expect to add to this winner if it shows strong upside the following days.
leaving my stop in place until the trade is at least 100 pips in profit (where I will add a bit b
EURAUD suggesting potential short-term bullish correction.EUR/AUD trading within a well-defined descending channel, indicating a broader bearish trend over recent months. Price respected the channel boundaries multiple times, confirming strong structural validity.
Recently, price broke below the lower boundary of the descending channel, accelerating beari
EURAUD Is Going Down! Short!
Take a look at our analysis for EURAUD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.741.
Considering the today's price action, probabilities will be high to see a movement to 1.729.
P.S
EurAud Trade IdeaHappy New Year! Thank god for another 12 chapters!
Starting this year off with EurAud shorts! Price is bullish and currently trading between a daily HH and HL. With price crashing below after the HL and going bearish on smaller time frames I'm personally expecting price to tap back into the daily H
EURAUD – Strong Demand Zone Holding, Bullish Rebound ScenarioEURAUD – Strong Demand Zone Holding, Bullish Rebound Scenario
EURAUD has once again reacted strongly from a well-defined support zone, confirming the importance of this area.
Price previously bounced from the same region, and the current reaction suggests buyers are stepping in once more.
After
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of EURAUD is 1.74030 AUD — it has decreased by −0.01% in the past 24 hours. See more of EURAUD rate dynamics on the detailed chart.
The value of the EURAUD pair is quoted as 1 EUR per x AUD. For example, if the pair is trading at 1.50, it means it takes 1.5 AUD to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURAUD has the volatility rating of 0.34%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURAUD showed a −1.17% fall over the past week, the month change is a −0.63% fall, and over the last year it has increased by 4.69%. Track live rate changes on the EURAUD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
EURAUD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURAUD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURAUD technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURAUD shows the sell signal, and 1 month rating is buy. See more of EURAUD technicals for a more comprehensive analysis.









