EURUSD currency pair recently reversed down from the resistance zone located between the resistance level 1.20400 (former support from January), upper daily Bollinger Band and the 61.8% Fibonacci correction of the sharp downward impulse from February. The downward reversal from this resistance level 1.20400 created the daily candlesticks reversal pattern Shooting Star DOji – which started the active impulse wave (3). Given the prevailing dollar bullishness seen across the FX markets today – EURUSD currency can be expected to fall further in the active impulse wave (3) toward the next support level 1.19400