EURUSD currency pair recently reversed down from the key resistance level 1.22500 (former monthly high from February), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.22500 follows the earlier three consecutive reversals from the same resistance level 1.22500. Given the strength of the resistance level 1.2250, overbought daily Stochastic and the slowly rising U.S. dollar optimism EURUSD currency pair can be expected to fall further toward the next support level 1.21400