EURUSD recently reversed down from the resistance area lying between the round resistance level 1.10000 (which stopped the previous correction (a)), upper daily Bollinger Band and the 38,2% Fibonacci correction of the previous downward impulse from the start of March. The downward reversal from this resistance area created the daily Dark Cloud Cover. Given the moderately bearish Euro sentiment seen across the markets today – EURUSD is likely to fall further toward the next support level 1.0850. Strong resistance remains at the resistance level 1.10000.