Yesterday both EURUSD and GBPUSD went down. Today both Forex pairs are falling even more. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD went down yesterday. The price finished the session slightly below 1.067. Today it is falling deeply. The price is already significantly below the S2 support level. If the buyers don’t generate some serious appetite soon, the price could even drop below 1.053 and reach today’s S3. But if they do, the price might return above 1.06.

EURUSD

GBPUSD

The GBPUSD also went down yesterday. The price finished the session slightly above 1.204. Today it is falling heavily. The price is already below 1.195. If the buyers don’t generate some serious appetite soon, the price could even reach 1.193 today. But if they do, the price might return above 1.198.

GBPUSD