EUR/AUD Price Action Forecast Today: Will the 1.63930 Support Trigger the Next Bullish Move?

Key takeaways:

1. EUR/AUD market structure remains highly bullish on both the weekly and daily timeframes.
2. The 1.63930 to 1.63668 support zone is the crucial level to watch for buyer entries.
3. A confirmed breakout and retest could push the next upside target to 1.64870.
4. Waiting for candlestick confirmation prevents traders from falling for false breakouts.

What is the current technical price action on EUR/AUD telling us?

Weekly chart analysis

Weekly Timeframe Price Action Analysis. Price Rejects Previous Structure Point and Weekly Support Level

The weekly timeframe continues to favor the bulls as EUR/AUD maintains its overall uptrend.

Price recently rejected a major weekly support level and formed a bullish engulfing candlestick, highlighting strong buying interest. In addition, the market appears to be forming a Higher Low (HL), a classic sign that buyers continue defending lower prices and preparing for another move higher.

Weekly Timeframe Price Action Analysis

Price recently rejected a major weekly support level and formed a bullish engulfing candlestick, highlighting strong buying interest. In addition, the market appears to be forming a Higher Low (HL), a classic sign that buyers continue defending lower prices and preparing for another move higher.

Weekly chart observations:

1. Weekly market structure remains bullish.
2. Price rejected a major weekly support level.
3. Bullish engulfing candlestick confirms buying pressure.
4. Price rejected the double bottom neckline.
5. A Higher Low (HL) keeps bullish momentum intact.

Daily chart analysis

Daily Timeframe Price Action Analysis. Price is Brokeout above Consolidation Zone

The daily timeframe has confirmed a breakout above its recent consolidation range, suggesting bullish momentum is beginning to strengthen.

Daily Timeframe Price Action Analysis

If price successfully retests the breakout level and finds support, buyers could look for another continuation move higher.

Daily chart observations:

1. Daily market structure remains bullish.
2. Price has broken above the consolidation range.
3. The 50 EMA could provide dynamic support.
4. Breakout confirmation strengthens the bullish outlook.

What is the best EUR/AUD price action setup?

Bullish scenario (High-probability setup)

Daily Timeframe Price Action Analysis. Bullish Bias Anticipation

The bullish trend remains the preferred direction as long as buyers continue defending support.

Bullish momentum could occur in EUR/AUD if:

1. Price successfully retests the 1.63930–1.63668 support zone.
2. A bullish rejection candlestick forms at support.
3. The 50 EMA holds as dynamic support.

Trade idea:

Daily Timeframe Price Action Analysis. Bullish Take Profit and Stop-loss Placement

1. Target: 1.64870
2. Stop-Loss: Below the support level
3. Follow up confirmation: Properly retest head and shoulders pattern and the 50 EMA.
4. Risk management: Use proper position size follow your trading plan.

Take note:

This bullish setup is considered the higher-probability trade because it aligns with the overall weekly and daily bullish market structure.

Bearish scenario (Lower-probability setup)

Daily Timeframe Price Action Analysis. Bearish Bias Anticipation

Although the primary trend remains bullish, sellers could temporarily gain control if key support fails.

Bearish momentum could occur in EUR/AUD if:

1. Price breaks and retests below the 1.63310–1.62780 support zone.
2. Bearish rejection candlesticks appear after the retest.

Trade idea:

Daily Timeframe Price Action Analysis. Bearish Take Profit and Stop-loss Placement

1. Target Price:1.62010.
2. Stop-loss: Placed above potential resistance level.
3. Risk management: Maintain disciplined position sizing and follow your trading plan.

Take note:

This bearish setup is considered lower probability because it goes against the prevailing bullish trend.

Want the full EUR/AUD trade setup? Join live (GMT+10) for the complete EUR/AUD analysis and more high-probability trade setups across the markets:

Why experienced traders wait for confirmation?

Many traders lose money by anticipating breakouts before they happen.

Professional traders understand that confirmation is more important than prediction.

Waiting for a confirmed break-and-retest significantly reduces the likelihood of entering false breakouts while improving trade quality.

Before entering any trade, look for these confluences:

1. Clear market structure
2. Well-defined support and resistance
3. Breakout and retest confirmation
4. Candlestick rejection
5. 50 EMA trend confirmation

The more confluences that align, the higher the probability of a successful trade that you will execute.

Final take

EUR/AUD continues to display a strong bullish technical outlook across both the weekly and daily timeframes. The recent breakout above consolidation adds further confidence that buyers remain in control.

The highest-probability setup is to wait for a successful retest of the 1.63930–1.63668 support zone before considering long positions. While a bearish scenario remains possible if support breaks, it currently carries lower probability because it goes against the prevailing trend.

As always, patience and confirmation remain the keys to consistently executing high-quality trades.

_____________________________________________________________________________________

Trading Assignment: Practice Identifying High-Probability EUR/AUD Setups

Before taking your next EUR/AUD trade, complete this checklist:

1. ☐ Identify the weekly trend.
2. ☐ Mark key support and resistance.
3. ☐ Wait for a breakout and retest.
4. ☐ Confirm with a bullish or bearish candlestick.
5. ☐ Use the 50 EMA as a follow up trend and support or resistance confirmation.
6. ☐ Set your entry, stop-loss, take-profit, and risk-to-reward ratio

Your task: Analyze the current Gold (XAU/USD) chart using this checklist and determine whether the market is presenting a high-probability bullish or bearish setup, but only execute after confirmation.

_____________________________________________________________________________________

FAQs

Is EUR/AUD bullish or bearish today?

EUR/AUD remains bullish on both the weekly and daily timeframes after breaking above a consolidation range and maintaining a Higher Low structure.

What is the key support level for EUR/AUD?

The primary support zone is between 1.63930 and 1.63668. A successful retest could provide a buying opportunity.

What is the next bullish target for EUR/AUD?

If bullish momentum continues, the next upside target is around 1.64870.

When should traders enter a EUR/AUD trade?

The best approach is to wait for a confirmed break-and-retest, supported by bullish candlestick confirmation and the 50 EMA, before entering a position.

Why is confirmation important in price action trading?

Confirmation helps traders avoid false breakouts and improves the probability of entering trades that align with the prevailing market trend.

_____________________________________________________________________________________

If you want to develop a professional trading mindset while learning how to identify high-probability price action setups across Gold, Forex, Crypto, Commodities and Indices, continue following our market analysis and educational guides.

Your next step is:

1. To know trader’s beginner steps before your trade
2. Mastering your psychology
3. Mastering the simple price action strategy
4. Mastering Repetitive Patterns in Trading
5. Trading live using this simple price action strategy

For more in-depth market breakdowns, real-time analysis, and structured learning content, you can join our Discord community inside ACY Server:

Discord Server - ACY Securities Server

Start your live trading journey today!

• Trade Forex, indices, gold, crypto and other global markets

• Access powerful platforms including ACY, MT4, MT5, and Copy Trading tools

Move from learning simple price action to executing it in the real market with confidence!

Create an Account. Start Your Live Trading Now!

Check out my contents:

Beginners path

Build a strong trading foundation with step-by-step lessons designed for beginners:

1. Beginner Trading Steps: 4 Rules to Follow Before You Trade
2. Beginner Trading Steps: Mistakes That Can Slow Down Your Progress (And How to Avoid Them)
3. The 1% Risk Rule: The Most Common Mistakes That Quietly Destroys 90% of Traders
4. Habits of a Successful Traders: What are the 4 Ways to Build Discipline in Trading?
5. Beginner Trading Guide: The Complete Beginner's Roadmap to Smarter Trading (Step-by-Step)
6. A Complete Beginner's Guide: What are the Only Technical Trading System You Need to Trade Gold, Forex, Crypto, Commodities & Indices?

Mastering popular forex pairs using simple price action strategy

Ready to learn simple price action strategy? Here’s how to do it step by step:

1. USD/JPY Analysis Today: Simple Trades, Clear Moves, for Beginners Using Price Action
2. Simple Day Trade Price Action On EUR/USD: Why the Drop to 1.14190?
3. Simple Price Action Analysis on EUR/CAD: EURCAD the Pair for the Week?
4. Simple Price Action Strategy on USD/ CHF: 0.80000 the Key Ceiling for USD/CHF Sell?
5. Price Action Analysis for GBPCAD Trade: A Potential Trade for This Week or Next Week?
6. EUR/GBP Trading Guide: How to Spot High-Probability Setup a Week Ahead Using Simple Price Action Strategy?
7. Simple Price Action Trade on CAD/JPY: 115.000 the Key Floor for CAD/JPY Buy?
8. USD/JPY Price Action Outlook: Is 158.500 the Key Floor for a Potential New High?
9. CAD/JPY Price Action Breakdown: We Anticipated the Move Twice to 116.500, Is Price Action Really the King?
10. GBP/NZD Trade Ideas Using Simple Price Action Strategy: Will Price Drops to 2.28000?
11. USD/JPY Technical Forecast: 158.500 Floor Retest for Preparing for New Highs?
12. GBP/CHF Price Action Ideas: Is 1.05500 the Ceiling for a New Low?
13. GBP/CAD Simple Forex Price Action Ideas: Is the 1.84500 Support Level Holding?
14. AUD/USD Simple Price Action Forecast: Why Buy at 0.71700 Support Area?
15. GBP/NZD Price Action Idea: Is GPB/NZD 2.3000 Key Floor for Bullish Continuation?
16. GBP/USD Price Action: Trade Setups on a Ranging Market?
17. USD/CAD Simple Price Action: Is 1.36500 the Key Bullish Floor?
18. USD/CAD Price Action Ideas: Setting Up for the Next Bullish Push?
19. EUR/JPY Price Action: Is It Retesting a Reversal Pattern?
20. NZD/USD Forecast: Potential Consolidation Breakout on NZD/USD?
21. AUD/JPY Price Action Forecast: Is AUD/JPY Setting Up for a Massive Sell?
22. NZD/USD Price Action Forecast: Is a Reverse Double Top Pattern Forming?
23. NZD/USD Price Action Forecast: Is a Reverse Double Top Pattern Forming?
24. AUD/CHF Forex Price Action Idea: Are Sellers Defending the 0.56504–0.56200 Key Level?
25. AUD/CHF Price Action Forecast: Price Breaks Below Consolidation, What's Next?
26. EUR/USD Forecast Today: Can NFP News Today Push EUR/USD Down to 1.13000?
27. EURCHF Price Action Forecast: Is a Bearish Double Top Signaling a Major Drop?
28. EUR/USD Price Action Forecast Today: Will the 1.14150–1.14520 Resistance Trigger a Drop to 1.13500?
29. EUR/USD Price Action Forecast Update Today: Is the 1.1410 – 1.4520 Resistance Level Still Potentially Trigger a Drop?
30. GBP/AUD Price Action Forecast Today: Will the British Pound or Australian Dollar Come Out on Top?

Master how to identify market trend

Learn how to identify bullish, bearish, and sideways markets using price action to make more informed trading decisions:

1. A Guide to Master Price Action Strategy that Works in Any Market: How to Master the Trend in Trading Any Market
2. A Guide to Master a Strategy that Works in any Market: The Structure of a Market Trend
3. A Guide to Master a Price Action Strategy That Works in Any Market: Complete Guide on How to Trade with Market Structure + Support & Resistance (Step-by-Step)

Learn of how to identify support and resistance

1. A Guide to Master a Strategy that Works in Any Market: How to Identify Support and Resistance Levels?
2. A Guide to Master a Price Action Strategy That Works in Any Market: Complete Guide on How to Trade with Market Structure + Support & Resistance (Step-by-Step)

Master how to use break & retest pattern

Ready to learn and capitalize the repetitive patterns in the markets? Here’s how to do it step by step:

1. Break and Retest: A Simple Repetitive Price Action Pattern?
2. Break and Retest: How to Capitalize Repetitive Patterns in Trading?
3. EUR/JPY Price Action: Is It Retesting a Reversal Pattern?
4. False Breakouts: How to Avoid Breakout Traps and Trade Smarter?

Master how to use candlestick confirmation & patterns

Discover how candlestick patterns can help confirm market direction:

1. The Top Japanese Candlestick Patterns to Trade: Mastering Japanese Candlestick Confirmation + Pairing with Price Action Analysis
2. The Top Japanese Candlestick Patterns to Trade: How to Use the Engulfing Candlestick as a High-Probability Entry Signal
3. Bullish and Bearish Pin Bar Candlestick: The Complete Guide to Trading Reversal Candlestick Confirmations

Master the art of trading trend reversal patterns

1. Reversal Chart Patterns: The Complete Guide to Spotting Bullish and Bearish Trend Reversal Pattern in Trading

Mastering the 50 EMA

1. Master Exponential Moving Average: How to Trade using EMA Indicator with Price Action Analysis?

Learn how to trade Gold

Gold is still one of the most traded assets, here’s how to trade it with confidence:

1. XAUUSD Price Action: A Beginner Buy Setup for Next Week
2. How to Trade Gold Using Simple Price Action Outlook: 4500 the Key Zone for XAUUSD Buys?
3. The Simplest Way to Trade XAU/USD Using Price Action Analysis: Buy and Sell Anticipation on Gold?
4. XAU/USD Price Action: Will Gold Rally to $4,900 Today?
5. Gold (XAU/USD) Price Action Forecast: Will XAU/USD Drop to $4650?
6. Gold (XAU/USD) Trade Ideas: A Simple Price Action Analysis on Gold This Week?
7. Gold (XAU/USD) Price Action Idea: A High-Probability Trade Setup on Gold?
8. Gold XAU/USD Price Action Idea: Is a Bullish Momentum Coming?
9. Gold (XAU/USD) Price Action Ideas: Will News Trigger a Breakout or Consolidation on Gold?
10. How to Step-by-Step Swing Trade Gold (XAU/USD) with Pure Technical Price Action Analysis?
11. Gold XAU/USD Price Action Forecast: Anticipating a Consolidation Breakout on Gold Again?
12. Gold XAU/USD Price Action News Forecast Today: Can XAU/USD Break Above the $4,200–$4,190 Resistance Zone or Hold?
13. Gold XAU/USD Forecast Update Today: How the $4,200–$4,190 Resistance Zone Triggered the Selloff?
14. Gold (XAU/USD) Price Action Forecast Update Today: Is the Double Top Pattern Signaling Another Gold Selloff?
15. Gold (XAU/USD) Price Action Forecast Update Today: Did the Double Top Pattern Trigger the Massive Selloff?
16. Gold (XAU/USD) Price Action Forecast Update Today: Could Gold Price Still Drop to $3,930?
17. Gold XAUUSD Price action Forecast: Is the Gold Breakout the Next Big Move?

Swing trading 101

1. How to Step-by-Step Swing Trade Gold (XAU/USD) with Pure Technical Price Action Analysis?

Learn how to trade crypto with price action strategy

1. Bitcoin BTC/USD Price Action: Could Bitcoin Still Keep Dropping?
2. Bitcoin (BTC/USD) Price Action Insight: Could Bitcoin Still Drop to $58,000?
3. Bitcoin (BTC/USD) Forecast Update: Has the $58,000 Correction Ended?
4. BTC USD Price Action Forecast Today: Is the $66,070 – $65,470 Resistance the Key to Bitcoin's Next Move?
5. BTC/USD Price Action Forecast Update Today: Did the $66,070–$65,470 Resistance Trigger Bitcoin's Next Move?

Mastering trader's mindset

Your mindset is what separates steady growth from costly mistakes. Focus on these essentials:

1. Trading Mindset: Why Trading Exposes Who You Really Are?
2. Consistency in Trading is Key: Why Discipline Beats Intelligence?
3. Overtrading: Why More Trades Do Not Mean More Profits?
4. Trading Wick Outs: How to Handle Fake Outs and Market Losses?
5. Trading Psychology: The Truth About Trading Success
6. Deliberate Practice in Trading: Why Intentional Practice Beats More Screen Time?
7. Trading Psychology: Why Most Traders Struggle With Consistency? (And It Has Nothing to Do With the Market)
8. Mastering the Three Pillars of Profitable Trading: Risk Management, Trading Strategy, and Trading Psychology
9. The Mental Game of Trading: How to Overcome Trading Hesitation and Execute Trades with Confidence?

Professional trader's mindset masterclass

Develop the mindset of a professional trader by mastering discipline, emotional control, patience, and consistency to achieve long-term trading success:

1. Trading Psychology: Why the Mindset of a Profitable Traders Separates from Everyone Else?
2. The Professional Trader's Mindset: 6 Psychological Traits Every Consistently Profitable Trader Needs

Risk management series

Learn the essential risk management strategies to protect your capital, manage losses, and trade with confidence:

1. Risk Management in Trading: What Is the Secret to Long-Term Trading Success?

Beginner trading roadmap

Not sure where to begin? Here’s a simple roadmap to guide you:

1. Common beginner Traders Mistakes → avoid overtrading, revenge trading, and chasing the market.
2. Master Traders Psychology → build discipline, patience, and emotional control
3. Mastering Risk Management → learn how to have a sustainable trading.
4. Master Simple Technical strategies & Indicators → especially price action, key levels, and market structure.
5. Applying to Real Market → forex, crypto and indices.

By building step by step; from basics → real trading → mastering the craft, you’ll gain clarity, confidence, and steady progress without ever feeling overwhelmed.

Follow me for more daily market and educational insights!

Ruffy Grant B. Capacio - LinkedIn | Telegram | YouTube

Acy Securities - Discord

Disclaimer:

Trading forex and derivative instruments involves substantial risk and may not be suitable for all individuals. Only use funds that you are prepared to lose. It is important to understand how these markets work and the risks involved before trading, and to seek independent financial advice if needed. All market analysis and insights shared are intended for educational and informational purposes only and should not be considered financial or investment advice. August 3, 2026.