EURAUD moving in the ascending channel .
The market pulled back to support zone with deceleration.
Price broke and closed above the psychological level.
We expect retest of the resistance level .
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Hello traders!
⁉️This is my analysis on EURAUD.
Here we are in a bullish market structure, so I am looking only for longs. I expect price to make a retracement to fill the imbalance and then to reject from bullish orderblock + institutional big figure 1.55000.
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After reaching my 1.52 target, EurAud continued its ascent and now is very near an important resistance.
Although now the long-term trend is changed and is clearly up, a correction from this level can follow.
The target for such correction is the old 1.52 zone resistance
EURAUD is trading in the ascending channel .
The market formed a range zone at the resistance level .
Price is making lower highs and higher lows, indicating a consolidation.
We expect a pullback from major the resistance level .
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🔰You can see the analysis of the Euro-Australian dollar currency pair in the 30-minute time frame(EURAUD_ 30min) 🔍🧨🧨
💥The price is currently in the support zone caused by the UP trend line🖤 If the price can break❗ the UP trend line🖤 downwards and stabilize❗ below it, in the pullback🧐 area, the price is the best place and price to sell this currency pair, and...
Price recently reached the 1.53546 resistance , tried to break it to upside but failed ! there seems to be a selling pressure on the pair ! i expect the price to move down to the lower limit of the given Channel . my next Target is 1.49800 !
EURAUD broke the strong bearish trend line. The EURUAD is currently looking bearish from the strongly resistance 1.52820. So, if the EURAUD get support at the level of 1.50800 ~ 1.50564 , it is expected that the growth will continue.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find a significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EUR/AUD :::
The price has broken the orange channel, although it has not stabilized in the higher time frame, and it is likely that it will move towards the support of 1.52 after hitting the stronger resistance that is in the range of 1.537.
Currently, the blue line is the best way to follow the price .
Hello traders!
⁉️This is my analysis on EURAUD .
Here we are in a bearish market structure, so I am looking only for shorts. I expect price to continue the retracement and to reject from bearish orderblock + institutional big figure 1.52000.
Like, comment and subscribe to be in touch with my content!
EUR/AUD :::
Orange channel :
It is broken, but maybe the price will react to its ceiling for a while .
Green channel :
It will lead the price to its ceiling .
The range of 1.50 and 1.52 will be the next move .
<<< Good luck >>>
EURAUD is seen breaking a strong downtrend line. EURX continues to fall.
All we have to do is wait, of course.
1. Confirm that you have taken a breakout
2. EURAUD need form bullish sign
3. Go to entry pullback
4. Don't forget RISK MANAGEMENT !!!
Last week I said that EurAud could rise and pass above 1.5 and, with strong support under 1.48, dips should be bought.
Indeed, the pair reversed from that zone and now is trading just under the upper boundary of the range and exactly in the resistance given by the falling trendline started in March.
The recent break under 1.44 support is a false one and, as...
