EURUSD currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Bullish Engulfing from the support zone lying between the major support level 1.17000 (pervious multi-month low from March) and the lower daily Bollinger Band. Given the proximity of the aforementioned support zone and the rising dollar bearishness seen across the currency markets today, EURUSD currency pair can be expected to rise toward the next resistance level 1.18000 (previous minor reversal high from the start of August and the target for the completion of wave (ii)).