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Euraudshort

#EURAUD: Price has just begun to drop,big move expectedDear Traders, Hope Everyone having a great weekend, we have an important update on #EURAUD. Price distributed at first for a week or two though it drop as GOLD AND AUD is positively correlated. As GOLD prices hiked this week due to NFP AND OTHER ECONOMIC data forecasting inflation and fear of recession. This helped majorly AUD pairs; EURAUD has just begun it's big move, and we expect price to drop significantly during coming days. A perfect entry would be to wait for price to do a small correction. Like our work? Then like and follow our public page so you can keep yourself updated. Thanks as always for your support ;)
Short
by Setupsfx_
45
EurAud- 1.63 zone remain my focusIn my 13 September post regarding EurAud, I wrote that a top could be in place and the pair could drop under horizontal important support. This happened the next day and on 15 September, the pair made a low of around 1.6450. Now EurAud is in a normal up-correction and this could offer a good opportunity for sellers to enter the market at a better price. In conclusion, rallies above 1.66 should be sold with the same 1.63 zone target and negation above the new resistance.
Short
by Mihai_Iacob
8
#EURAUD has still room to the downside after correction----------EURAUD SHORT---------- EUR and GBP currencies seem to be getting weaker recently after a longer overperformance over commodity currencies like CAD, AUD, NZD in the past few months. So at least a correction is imminent. I see this on the weekly and daily charts. The question is how long will this correction last or is this already over? I think we still have room to the downside in the case of EURAUD, also EURNZD and consequently GBPAUD and GBPNZD.
Short
by Szuperpotyka
EURAUD Analysis. Next fall?Hello everyone. i want share my idea about EURAUD pair. After many touch it broke daily support which was strong but at some level it came back and still coming slowly. The situation is simple, with my strategy it broke clear support which is now resistance, after touch i think we will get some strong fall to next daily support. after i used my Fibonacci tool it showed me some good entry points but am not going to open position yet because i need some confirmation at the level. Manage your risk!!!
Short
by elmakacho
EURAUD Long Term SELLING Trading IdeaHello Traders In This Chart EURAUD HOURLY Forex Forecast By FOREX PLANET today EURAUD analysis 👆 🟢This Chart includes_ (EURAUD market update) 🟢What is The Next Opportunity on EURAUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
EUR/USD: A 30-Minute Zone AnalysisSupport Levels: Support 1 @ 1.07062: Our journey begins with support at 1.07062. This level serves as an immediate safety net for EUR/USD traders. It's where the price often finds buying interest, potentially signaling a reversal of any downward movement. Traders should keep a watchful eye on this level, as a breach below it could signal the presence of further bearish pressure. Resistance Levels: Resistance @ 1.07493: On the flip side, we encounter a crucial resistance level at 1.07493. This level is a formidable barrier on the 30-minute EUR/USD chart. Resistance levels are where the price frequently faces selling pressure, potentially leading to a reversal of its upward momentum. Traders should remain vigilant here, as a decisive move above this level could signify a short-term bullish sentiment. Resistance @ 1.07982: Continuing our journey, we found another resistance level at 1.07982. Resistance levels like this one can act as significant roadblocks to price movement. Traders should closely monitor this level, as a successful breach could indicate a continuation of the current upward trend. Resistance @ 1.08081: Our final stop is resistance at 1.08081. This level is another noteworthy obstacle for EUR/USD. When multiple resistance levels are in close proximity, they can collectively strengthen the overall resistance zone. Traders should take heed, as a decisive move above this level could further bolster the bullish outlook. Conclusion: In the world of forex trading, comprehending support and resistance levels is akin to having a compass in uncharted waters. The EUR/USD market, with its unique dynamics, requires traders to carefully observe the identified support and resistance zones outlined in this analysis. However, it's crucial to bear in mind that the forex market is anything but static. It's subject to constant fluctuations influenced by a multitude of factors, including economic data releases, geopolitical events, and market sentiment. Therefore, while support and resistance levels offer valuable insights, traders should augment their analysis with a toolbox of technical and fundamental indicators to make well-informed trading decisions. Above all, risk management and prudent trading strategies remain paramount in the ever-evolving world of forex trading. Balancing opportunity with caution is the key to success in this dynamic market.
by enclavefx_Analaysis