EURAUD – A dream for range traders

by JFD Research
09:21, 2025/01/08

The EURAUD currency pair has been moving in a large sideways range for years. This range is limited on the upside by 1.68 – 1.71 and on the downside by 1.60 – 1.58. Range traders, who trade medium-term positions (over a period of a few weeks and months), can be active here.

Our main scenario envisages the exchange rate remaining within the range described. After a renewed test of the upper resistance zone, we expect prices to fall to around 1.60 over the next few months. There should be another rebound to the north.

A breakout from the range can only be considered sustainable after a weekly closing price at the upper or lower end, and the main scenario is no longer valid. However, we currently see no technical or fundamental reasons for a trend movement in the currency pair.

Disclaimer:

The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.

There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure (https://www.jfdbrokers.com/en/legal/risk-disclosure).