EURUSD currency pair continues to fall after breaking below the key support level 1.05000 (which has been reversing the price from the end of April). The breakout of the support level 1.05000 accelerated the active impulse waves 5 and (3) – which are aligned with the strong multi0month downtrend that can be seen on the daily charts. Given the strongly bearish euro sentiment seen across the FX markets today – EURUSD currency pair can be expected to fall further toward the next support level 1.03000.