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Price Action: Forex Analysis EURAUD
The Forex Analysis EURAUD across these four distinct time frames is meticulously generated by our Dedicated AI System, a proprietary creation of the Frustrader Team. Any unauthorized copying, sharing, or posting of this content is strictly prohibited, unless explicit permission has been granted and proper attribution to the source is provided for the end-user.
Intraday
Daily
Weekly
Monthly
Forex Technical Levels
Intraday Session: Hot
The market sentiment for this currency pair suggests a Bullish outlook today. Traders may consider taking Long positions sooner the price surpasses the '1.7249'. This confirmation could lead to the achievement of the first target 1.7282 before following the second target price 1.7302. Further upside potential exists, with the price possibly aiming for 1.7335 before the end of today's market session.
Nonetheless, if the price breaks below the '1.7249', it may indicate a potential shift in momentum, leading to a Short position. Traders should remain cautious as the price could decline towards the first support level 1.7229 and potentially test 1.7196. A sharper decline towards 1.7176 is also possible before the end of today's trading session.
#Intraday #EURAUD #Forex Technical Levels
Note: This part is being updated using Frustrader AI Integration. EURAUD has no update for this session
Forex Technical Analysis
Day Session: Tokyo
The prevailing market sentiment indicates a Bearish bias for this instrument today. Traders who expect downward movement may consider Short positions right after the price dives below the '1.7267'. This breakthrough could lead to the attainment of the first target level 1.7168, coupled with the second target level 1.7116. Further pull might even lead the price towards 1.7017 before the day gets over.
Oppositely, breaking upper the price '1.7267' could indicate a potential reversal, getting traders to consider Long positions. In this format, not only may the price descend towards the first resistance level 1.7319 , but it may also see 1.7418. A more substantial increase towards 1.7471 is also on the way to get the session over.
#Daily #EURAUD #Forex Technical Analysis
Note: This part is being updated using Frustrader AI Integration. EURAUD has no update for this session
Forex Technical Outlook
Week Session: Thursday
Anticipations indicate a Bullish bias for this currency pair today. Traders looking to capitalize on this momentum may consider Long positions if the price exceeds the '1.7054'. Upon surpassing this level, the first target 1.7391 becomes achievable, followed by the second target 1.7607. Furthermore, It is even possible for the price to ascend towards 1.7943 before the end of today's market session.
Nevertheless, a breach below the '1.7054' could indicate a potential reversal, leading to Short positions. In such a scenario, the price could retreat towards the first support level 1.6838 and perhaps test 1.6501. A more substantial decline towards 1.6286 is also plausible before the market closes today.
#Weekly #EURAUD #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. EURAUD has no update for this session
Forex Technical Review
Month Session: 3rd Week
The prevailing market sentiment for this currency pair is Bullish today. Traders seeking upward opportunities may consider Long positions if the price exceeds the '1.6618'. This breakthrough could pave the way towards the first target level 1.6879 and potentially extend to 1.7051. Further upside momentum might even push the price towards 1.7313 by the end of today's trading session.
In contrast, if the price '1.6618' is breached, it may suggest a shift in sentiment, prompting traders to consider Short positions. In such a scenario, the price might retrace towards the first support level 1.6446 and potentially test 1.6185. A sharper decline towards 1.6012 is also possible before the end of today's trading session.
#Monthly #EURAUD #Forex Technical Review
