EURAUD continues to rise inside the short-term impulse wave 3, which previously broke above the key multi-month resistance level 1.66000 (which has been steadily reversing the price from the start of June, as can be seen below). Given the rising bullish euro sentiment seen across the currency markets today, EURAUD is likely to rise further toward the next round resistance level 1.70000 (target price for the completion of the active impulse wave 3).