EURUSD continues to fall – in line with the earlier downward reversal from the key resistance level 1.19000 (top of the previous sharp upward impulse wave (i)). The downward reversal from this resistance level will likely create the daily Evening Star – if the price closes this week near the active levels. Given the strongly bullish US dollar sentiment seen across the FX markets today – coupled with the medium euro bearishness – EURUSD is likely to extend the losses toward the next support level 1.17000 (low of the previous correction (ii)).