EURUSD currency pair under the bullish pressure today after the price reversed up with the daily Bearish Engulfing candlesticks reversal pattern from the powerful support area located between the long-term support level 1.16000 (previous monthly low from November of 2020) and the lower daily Bollinger Band. The upward reversal from this from the support area stopped the previous short-term impulse wave 3. Given the strength of the aforementioned support area and strongly bullish euro sentiment seen today – EURUSD currency pair can be expected to rise further toward the next resistance level 1.16700 (former monthly low from August).