EURAUD currency pair under the bullish pressure after the price reversed up from the long-term support level 1.53630 (which is the upper boundary of the strong support zone, which has been reversing the price from the end of February) – strengthened by the lower daily Bollinger Band. The upward reversal from this support level stopped the previous ABC correction from August. Given the strength of the term support level 1.53630 and accelerating AUD outflows – EURAUD currency pair can be expected to rise further toward the next resistance level 1.56000 (top of wave 4 from the end of October).