EURUSD recently broke through the support zone lying between the support level 1.1080 (low of the previous impulse wave (i) from the end of October), intersecting with the 38.2% Fibonacci correction of the earlier correction 2 from September. With the moderate bullish sentiment affecting the US dollar at the moment – EURUSD is likely to fall further toward the next support level 1.1000 (target price for the completion of the active impulse wave (iii)).