EURAUD Bullish

Analysis Price: 1.7930 (Updated: 1 July 2025, 20:17 UTC)

Comprehensive analysis for EURAUD showing a predominantly bullish bias with 70% bullish consensus based on combined analytical factors. Raw trader sentiment shows 23% long, 77% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

Select Currency Pair

Signal Overview

Bullish Medium Confidence Medium Risk

Market Consensus:

70% Long

30% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for EURAUD (signal strength: 40%). Supporting factors include: High probability (95%) support zone detected at 1.7881. Contradicting factors: Retail sentiment is 77% bearish. Risk assessment for this trade is medium. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (23% long / 77% short). The overall bullish bias (70%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

23% 77%

Historical Sentiment (7 Days)

Sentiment Interpretation

Extremely bearish sentiment with 77% of traders holding short positions. This extreme positioning could indicate a potential contrarian long opportunity as the market may be oversold.

Support & Resistance Analysis

Resistance Levels

R1: 1.7991 0.34% ↑

Analysis Price: 1.7930

Support Levels

S1: 1.7830 0.56% ↓

Market Regime:

Range

Analyst Bias:

Unknown

Direction Probability:

65%

Price Position Analysis

Price is between support at 1.7830 (0.56% below analysis price) and resistance at 1.7991 (0.34% above), with slightly closer proximity to resistance. Watch for rejection confirmation at resistance or break above.

Chart Pattern Analysis

59%

Rectangle

Reliability:

59%

Detected: Jul 1, 04:17

Pattern Analysis Interpretation

Predominantly neutral patterns detected, suggesting a potential consolidation phase. The most reliable pattern is a neutral Rectangle on the H1 timeframe with 59% historical reliability. This pattern is currently only confirmed on the H1 timeframe.

High Probability Zones

Support Zone

95%

Zone Level:

1.7881

analysis price:

1.7930

Distance:

0.27%

Confluence Factors:

Morning Star 62% Retracement Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

95%

Zone Level:

1.7850

analysis price:

1.7930

Distance:

0.44%

Confluence Factors:

Morning Star 79% Retracement Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

95%

Zone Level:

1.7850

analysis price:

1.7930

Distance:

0.44%

Confluence Factors:

Double Bottom 79% Retracement

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is extremely close to a high probability (95%) support zone at 1.7881. This presents a potential buying opportunity with stop loss slightly below the zone. Multiple confluence factors strengthen this level's significance.

Multiple high probability zones exist for this pair, indicating a well-structured technical environment with clear levels for trading decisions.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

66.0

Volatility Regime:

Normal

Volatility Level:

32%

10-Day ATR Trend

Volatility Interpretation (H1)

EURAUD is showing normal volatility (32 percentile) with an expected daily range of 66.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with EURAUD

AUDCHF

-0.90

EURNZD

0.85

AUDNZD

-0.85

AUDUSD

-0.79

GBPAUD

0.75

Correlation Interpretation

Understanding how EURAUD correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

EURAUD shows strong positive correlation with: EURNZD, GBPAUD. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

EURAUD shows strong negative correlation with: AUDCHF, AUDNZD, AUDUSD. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

EUR

-0.53

Weak

AUD

0.43

Strong

Relative Strength:

-0.96

Bearish Bias

Currency Strength Interpretation (M15)

AUD is significantly stronger than EUR on the M15 timeframe, with a relative strength of -0.96. This suggests a strong bearish bias for EURAUD. With AUD showing absolute strength and EUR showing absolute weakness, this is an ideal scenario for a short position.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on EURAUD to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.