EURUSD currency pair under bearish pressure after the earlier breakout of the number of consecutive support levels – the support level 1.20650 (which reversed the previous waves (iv) and (a)), 50-day moving average and the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of November. The breakout of these support levels accelerated the active short-term impulse wave (c). Given the powerful bullish sentiment affecting the USD across the FX markets today – EURUSD currency pair is likely to fall further toward the next support level 1.19700 (target price for the completion of the minor impulse wave (i)).