EURUSD currency pair under bearish pressure after the price broke below the support level 1.07500 (which stopped the previous impulse wave 1 in the middle of April). The breakout of the support level 1.07500 accelerated the active impulse waves (3) and 3. Given the clear daily downtrend and the strongly bearish euro sentiment seen across the FX market today – EURUSD currency pair can be expected to fall further toward the next support
level 1.06000 (target price for the completion of the active impulse wave 3).
