EURUSD currency pair under the bearish pressure after the price broke the key support level 1.06250 (which has been reversing the price since the start of May), intersecting with the 38.2% Fibonacci correction of the previous upward ABC correction (4) from the start of May. Given the clear daily downtrend and the continuation of the bullish US dollar sentiment seen
across the currency markets today, EURUSD currency pair can be expected to fall further toward the next support level 1.04000 (target price for the completion of the active wave 3).