EURUSD currency pair under the strong bearish pressure after the price broke the support zone lying between the support levels 1.12000 and 1.11000. The breakout of this support zone accelerated the active impulse waves 3 and (3).
Given the overriding daily downtrend, EURUSD currency pair can be expected to fall further toward the next support level 1.09000 (target price for the completion of the active impulse wave 3) intersecting with the support trendline of the daily down channel from last year.
