EURUSD today reversed down from the resistance area lying between the strong resistance level 1.1170 (which has been steadily reversing the price from the end of August) and the 50% Fibonacci correction of the previous sharp downward impulse wave from the end of June. Given the moderate bullish sentiment affecting the US dollar – EURUSD is likely to remain under the bearish pressure today and to fall further toward the support resistance level 1.1100 (former top of wave 4 from September).
EURUSD reversed from 1.11700 resistance area; Likely to fall to 1.11000
![](https://analysis.leoprime.com/wp-content/uploads/2019/11/EURUSD-Primary-Analysis-Nov-04-1237-PM-1-day-1-1200x548.png)