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How to Trade EUR/AUD on the Monthly Chart

Everything you need to know about trading EUR/AUD on MN — when it works, when it doesn't, and how to size your risk for this specific combination.

Reviewed by the Candleread desk · Updated 2026-04-09

The short answer

EUR/AUD on the MN (Monthly) timeframe is best suited for position traders. EUR/AUD has an average daily range of 100 pips and a typical spread of 2 pips. The best session for this pair is the Asian–London overlap, where liquidity peaks and spreads tighten. On MN, each candle represents 43200 minutes of price action, producing about 0.033 candles per day.

Why EUR/AUD on MN?

Euro vs Australian dollar. Cross between European and Asia-Pacific economies. Volatile cross. Moves on ECB vs RBA rate divergence, China data, and iron ore prices. Good for carry trades when the differential is favorable. On the Monthly timeframe: One candle per month. For yearly trend analysis and macro positioning. Almost no one trades on this timeframe — it's for context, not entries. Fund managers, macro analysts, and traders setting yearly directional bias. Typical hold time: 3-12 months.

EUR/AUD Key Stats

Here are the numbers that matter when trading EUR/AUD on MN:

  • •Category: minor pair
  • •Typical spread: 2 pips
  • •Average daily range: 100 pips
  • •Best session: Asian–London overlap
  • •Timeframe: MN (Monthly) — position
  • •Candles per day: 0.033

The Monthly Timeframe Explained

One candle per month. For yearly trend analysis and macro positioning. Almost no one trades on this timeframe — it's for context, not entries. Monthly levels represent years of accumulated order flow. A break of a monthly level is a major structural shift. Used to identify the 'big picture' before zooming into lower timeframes.

How to Set Up a EUR/AUD MN Trade

  1. 1

    Check the higher timeframe trend

    Before entering on MN, check the next timeframe up for the trend direction. If you're trading MN, look at the W1 chart for bias.

  2. 2

    Identify key levels

    Mark support and resistance on the MN chart for EUR/AUD. Given the 100-pip average range, expect levels spaced 33–50 pips apart.

  3. 3

    Wait for your setup

    Whether you're trading breakouts, pullbacks, or bounces — wait for the setup, don't chase. On MN, patience means waiting for the right candle pattern at the right level.

  4. 4

    Size your position

    Use the position size calculator. Risk 1% of your account. With a typical stop of 40 pips on EUR/AUD MN, that determines your lot size.

  5. 5

    Manage the trade

    On MN, check the trade every once per day. Move stop to breakeven after 1R of profit. Let winners run to 2–3R.

When NOT to Trade This Combination

Avoid EUR/AUD on MN during the wrong session — EUR/AUD's best session is Asian–London overlap and trading outside that window means wider spreads and lower volume. Also avoid right before and during high-impact news releases unless you specifically have a news-trading strategy. On MN, a single news candle can blow through your stop and target in seconds.

Key takeaways

  • ✓EUR/AUD on MN is a position setup with 100-pip average daily range
  • ✓Best session: Asian–London overlap
  • ✓Always check the higher timeframe for trend direction before entering on MN
  • ✓Size positions using the 1% rule — calculator says the lot size, not your gut
  • ✓Spread of 2 pips matters more on shorter timeframes — factor it into your stop

Frequently asked

What is the best timeframe to trade EUR/AUD?+
It depends on your style. Scalpers use M5–M15, day traders use M15–H1, and swing traders use H4–D1. EUR/AUD has enough liquidity and tight enough spreads for all timeframes. The MN (Monthly) timeframe is best for position traders.
What is the average spread on EUR/AUD?+
On a good ECN broker, EUR/AUD typically has a spread of 2 pips. During Asian–London overlap, spreads tighten further. During low-liquidity periods (Asian session for majors, holidays), spreads can widen 2–3x.
How many pips does EUR/AUD move per day?+
EUR/AUD averages about 100 pips per day. This is the Average Daily Range (ADR). On high-impact news days (NFP, CPI, central bank decisions), the range can be 1.5–2x normal.
Is EUR/AUD good for beginners?+
It can be. EUR/AUD has slightly wider spreads than the majors but still good liquidity. Beginners should start on H1 or H4 timeframes where the noise is lower.

Keep reading

Trade EUR/USD on MN

Trade AUD/USD on MN

EUR/AUD on other timeframes

Position size calculator

Pip value calculator