EUR/AUD Daily Price Forecast – 3rd June 2025

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Trade Summary:

EURAUD
Buy Stop @ 1.76989
TP @ 1.77544
SL @ 1.75855

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EUR/AUD Daily Price Forecast – 3rd June 2025
EUR/AUD Analysis (H4 Chart)

Key Observations:

• Trend Analysis:

  • The EUR/AUD pair is showing signs of bullish momentum on the H4 timeframe.

  • The price has broken above the 50-period moving average (yellow line) and is approaching the 200-period moving average (red line), indicating a potential continuation of the upward trend.

• Key Levels:

  • Buy Stop: 1.76989

    • This level is set slightly above the current price, suggesting a breakout strategy. If the price moves above this level, it could confirm bullish momentum.

  • Take Profit (TP): 1.77544

    • This level is a logical target, as it aligns with a previous resistance zone.

  • Stop Loss (SL): 1.75855

    • The stop loss is placed below a recent support level, providing a safety net in case of a reversal.

• Moving Averages:

  • The 50-period moving average (yellow) is sloping upward, indicating short-term bullish momentum.

  • The 200-period moving average (red) is relatively flat, suggesting that the longer-term trend is neutral but could shift bullish if the price sustains above it.

• Candlestick Patterns:

  • Recent bullish candlesticks with higher highs and higher lows indicate strong buying pressure.

• Risk-Reward Ratio:

  • The distance between the entry (1.76989) and the take profit (1.77544) is approximately 55 pips.

  • The distance between the entry (1.76989) and the stop loss (1.75855) is approximately 113 pips.

  • This setup has a risk-reward ratio of approximately 1:0.5, which is less favorable. Traders may consider adjusting the stop loss or take profit to improve the ratio.

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Trading Plan:

• Entry:

  • Place a buy stop order at 1.76989 to capitalize on a potential breakout.

• Stop Loss:

  • Set the stop loss at 1.75855 to limit downside risk.

• Take Profit:

  • Target 1.77544 as the take profit level, aligning with a key resistance zone.

• Confirmation:

  • Wait for a strong bullish candle to close above 1.76989 before entering the trade to confirm the breakout.

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Potential Risks:

• False Breakout: The price may briefly break above 1.76989 but fail to sustain the upward momentum.

• Fundamental Factors: Economic data releases or central bank decisions could impact the EUR/AUD pair significantly.

• Risk-Reward Ratio: The current setup has a less favorable risk-reward ratio, which may require adjustment.

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Conclusion:

The EUR/AUD pair is showing bullish potential on the H4 chart, with a breakout above 1.76989 likely to lead to further gains toward 1.77544. However, traders should monitor the risk-reward ratio and consider fundamental factors before executing the trade.

Recommended Lot Size

Trading is all about statistics.

While we can experience winning streaks, we can also suffer from losing streaks.

As such, we should always size each trade to withstand losing streaks (if any).

It's widely recommended that you should not risk more than 2% of your capital for each trade.

We believe it's easier to control your lot size by limiting your lot sizing to 0.01 for every $500 in your account.

So if you have $5000, then risk no more than 0.10 lot size per trade.

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If you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea.

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