EURAUD currency pair recently reversed up from the support zone lying between the pivotal support level 1.56750 (former strong resistance from February and April), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (C) from May. The upward reversal from this support zone stopped the previous impulse wave 1. Given the rising euro bullishness – EURAUD currency pair recently can be expected to rise further toward the next resistance level 1.58400 (which stopped the previous waves (a) and 5)