EURUSD currency pair recently reversed down from the pivotal resistance level 1.22300 (former multi-month high from the end of February) and the upper daily Bollinger Band. The downward reversal from the resistance level 1.22300 created the daily Japanese candlesticks reversal pattern Dark Cloud Cover – similar to the one the price created earlier this month. Given the strength of the resistance level 1.22300 – EURUSD currency pair can be expected to fall further toward the next support level 1.21500 (former monthly high from April).