EURUSD recently broke the support zone located between the key support level 1.17400 (which reversed the price a few times from the start of August) and the 38.2% Fibonacci correction of the previous upward impulse from the middle of July. Given the moderately bearish euro sentiment seen across the FX markets today – EURUSD is likely to fall further toward the next round support level 1.15000 (likely price for the completion of the active short-term impulse wave (iii)).