EURAUD currency pair recently reversed up from the key support level 1.48000 (which stopped the previous primary ABC correction at the start June), standing close to lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from April. The upward reversal from the support level 1.48000 started the active intermediate impulse wave (3).
Given the blush euro sentiment seen across the currency markets lately, EURAUD can then be expected to rise further toward the next resistance level 1.50000 (top of the previous minor correction B).