EURAUD currency pair recently reversed up with the daily Hammer from the key support level 1.45800 (which stopped the previous short-term impulse wave (i)), intersecting with the lower daily Bollinger Band . The upward reversal from the support level 1.45800 started the active short-term ABC correction (iv). Given the rising euro bullish sentiment that can be seen on the currency markets today – EURAUD currency pair can be expected to rise further toward the next resistance level 1.50000 (target for the completion of the active ABC correction (iv)).
