EURUSD continues to fall inside the medium-term impulse wave (3) which started recently from the resistance area lying between the key resistance level 1.14300 (which stopped the previous upward correction in March), upper daily Bollinger Band and the resistance trendline of the wide weekly down channel from last year. Given the euro is currently under the widespread bearish pressure – EURUSD is likely to fall further in the active impulse wave (3) toward the next support level 1.11500 (former top of wave A from the end of March).
