Hi Traders! EURAUD short term forecast update and follow up is here. On March 13th, 2025 I shared this “EURAUD Short Term Forecast And Technical Analysis” post in our blog. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Home Trader Club. Spoiler alert – free memberships are available!

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My Idea

On the H4 chart, we could see that currently we have a strong bullish momentum here as well. In addition to this, the ADX indicator gave a bullish signal here as well at the cross of +DI (green line) versus -DI (red line) and the main signal line (silver line) reads value over 25, we may consider this as yet another evidence of bullish pressure. Also while measuring this strong bullish move we have two key support zones that has formed. The first key support zone is formed based on the 23.6%(1.71678) – 38.2%(1.70128) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(1.68876) – 61.8%(1.67624) Fibonacci retracement levels of the strong bullish move. Until both these key support zones shown in the image below holds my short term view remains bullish here and I expect the price to move higher further after pullbacks.

EURAUD H4(4 Hours) Chart Current Scenario

In this pair, based on my technical analysis I mentioned that “Until both these key support zones shown in the image below holds my short term view remains bullish here and I expect the price to move higher further after pullbacks”. The price action followed my analysis exactly as I expected it to here. The price which was moving lower reached the first key support zone, respected it and then moved higher from this zone. The price then moved higher further and delivered around 1500+ pips move!

On the M15 chart, the market provided us with various facts supporting the bullish view. The price which was moving lower created a bullish divergence between the first low that has formed at 1.70580 and the second low that has formed at 1.70478 based on the MACD indicator. The price then moved higher and broke above the most recent downtrend line, we may consider these as facts provided by the market supporting the bullish view. Then as you can see in the image below how the price moved higher after that and provided an excellent move to the upside!

As traders we always have two choices, the first one is to fall in love with our analysis and try to convince the market and expect the price to move in the direction as per our wish. The second one is to follow the facts that the market provides us and make the right actions according to that. As you know the first option won’t help us and as you can see in the example above what happened when we followed the facts that the market hinted to us and took the right action according to that.

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Happy Trading!

Arvinth Akash
Home Trader Club Team