EURAUD currency pair recently reversed up from with the daily Hammer from the support area lying between the long-term support level 1.52800 (former resistance from the middle of 2017, which has been reversing this currency pair from the start of 2018) and the lower daily/weekly Bollinger Bands. The upward reversal from this support area stopped the pervious medium-term downward impulse wave (3). With the strength of the  aforementioned support area and the growing bullish euro sentiment seen across the FX markets today – EURAUD currency pair can be expected to rise further toward the next resistance level 1.55900.