EURAUD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 1.7645 – previous consolidation range and pivotal support
Upside Targets:
1.8100 – initial resistance
1.8265 and 1.8500 – extended bullish targets on higher timeframes
A bullish reversal from 1.7645 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 1.7645 would invalidate the bullish structure, opening the door for further retracement toward 1.7420, with additional support at 1.7240 and 1.7000.
Conclusion
EURAUD remains bullish above 1.7645. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move.
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.
Key Support Level: 1.7645 – previous consolidation range and pivotal support
Upside Targets:
1.8100 – initial resistance
1.8265 and 1.8500 – extended bullish targets on higher timeframes
A bullish reversal from 1.7645 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 1.7645 would invalidate the bullish structure, opening the door for further retracement toward 1.7420, with additional support at 1.7240 and 1.7000.
Conclusion
EURAUD remains bullish above 1.7645. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move.
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.