Yesterday the EURUSD went down and the GBPUSD showed mixed sentiment. Today both currency pairs are falling, though. From the data front, the nonfarm payrolls and unemployment rate in March in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD dropped heavily yesterday. The price finished the session slightly above the S2 support level, a little above 1.106. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below today’s S1 and even reach 1.10. But if they do, the price might rise above the EMA 200.
GBPUSD
The GBPUSD showed mixed sentiment yesterday. The price finished the session slightly below 1.374. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 1.31. But if they do, the price might return above the EMA 77.
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