EURUSD currency recently reversed down from the resistance area lying between the key resistance level 1.13650 (top of the earlier minor corrective wave (iv)), 20-day moving average and the 50% Fibonacci correction of the downward impulse from the start of November. The downward reversal from this resistance area started the active minor corrective wave (b). Given the clear downtrend that can be seen on the daily charts and the rising bullish sentiment affecting the US dollar today, EURUSD currency pair can be expected to fall further toward the next support level 1.12000 (low of the previous minor impulse wave 3)
