EURAUD Bullish

Analysis Price: 1.7980 (Updated: 17 August 2025, 08:47 UTC)

Comprehensive analysis for EURAUD showing a predominantly bullish bias with 76% bullish consensus based on combined analytical factors. Raw trader sentiment shows 27% long, 73% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

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Signal Overview

Bullish Medium Confidence Medium Risk

Market Consensus:

76% Long

24% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for EURAUD (signal strength: 52%). Supporting factors include: High probability (95%) support zone detected at 1.7881. Contradicting factors: Retail sentiment is 71% 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 (27% long / 73% short). The overall bullish bias (76%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

27% 73%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 73% of traders holding short positions. The market has a negative bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 1.7993 0.07% ↑

Analysis Price: 1.7980

Support Levels

S1: 1.7923 0.32% ↓

Market Regime:

Uptrend

Analyst Bias:

Unknown

Direction Probability:

80%

Price Position Analysis

Price is currently near resistance at 1.7993 (0.07% above analysis price) with support at 1.7923 (0.32% below). This position near resistance could present a potential selling opportunity with a favorable risk-reward ratio.

Chart Pattern Analysis

89%

Bearish Engulfing

Reliability:

89%

Detected: Aug 17, 05:49

58%

Morning Star

Reliability:

58%

Detected: Aug 16, 17:28

Pattern Analysis Interpretation

Mixed pattern signals detected, suggesting conflicting technical factors. The most reliable pattern is a bearish Bearish Engulfing on the H1 timeframe with 89% historical reliability. This pattern is currently only confirmed on the H1 timeframe.

High Probability Zones

Support Zone

95%

Zone Level:

1.7850

analysis price:

1.7980

Distance:

0.72%

Confluence Factors:

Double Bottom 79% Retracement

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

90%

Zone Level:

1.7517

analysis price:

1.7980

Distance:

2.57%

Confluence Factors:

Morning Star 162% Extension

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is approaching a high probability (95%) support zone at 1.7850, currently 0.72% away. Consider preparing a buy strategy as price approaches this level, watching for confirmation signals.

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):

96.0

Volatility Regime:

Low

Volatility Level:

10-Day ATR Trend

Volatility Interpretation (H1)

EURAUD is exhibiting low volatility (3 percentile) with an expected daily range of just 96.0 pips. This reduced movement typically indicates consolidation or indecision in the market. Consider tighter stop losses but be aware that breakout potential increases after periods of low volatility.

Correlation Analysis

Top Correlations with EURAUD

EURGBP

0.90

EURCHF

0.89

GBPAUD

0.87

AUDNZD

-0.87

AUDCHF

-0.84

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: EURGBP, EURCHF, 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: AUDNZD, AUDCHF. 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

0.15

Neutral

AUD

0.89

Very-strong

Relative Strength:

-0.74

Bearish Bias

Currency Strength Interpretation (M15)

AUD is significantly stronger than EUR on the M15 timeframe, with a relative strength of -0.74. This suggests a strong bearish bias for EURAUD. However, this bias is primarily driven by the strength of AUD.

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.