EURAUD currency pair recently reversed up from the support zone located between the key support level 1.59130 (which has been reversing the price from the end of July), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward price impulse from the start July. The upward reversal from this support zone stopped the previous impulse wave (C). Given the rising bullish euro sentiment seen today, EURAUD can be expected to rise further toward the next resistance level 1.60000 (former minor support from the start of September).