EURUSD currency pair recently reversed down from the resistance zone located between the key resistance level 1.14800 (top of the previous correction (a) from the middle of January), upper daily Bollinger Band, 100 day simple moving average and the 61.8% Fibonacci correction of the previous sharp downward impulse from the end of October. Given the strong bearish euro sentiment seen today together with the sharp daily downtrend – EURUSD currency pair can be expected to fall further toward the next support level 1.13000 (which has been reversing the price from the end of December).