EURUSD currency pair recently reversed down from the key resistance level 1.19702 (former monthly low from the start of February) – intersecting with the lower trendline of the recently broke weekly up channel rom 2020 (acting as resistance after it was broken) and the 50% Fibonacci correction of the upward impulse from November. With the rising interest rates in USA strengthening the appeal of US dollar by the day – EURUSD currency pair can be expected to fall further toward the next support level 1.18300 – followed by the support level 1.17400.