Yesterday both EURUSD and GBPUSD dropped significantly. Today both currency pairs are going down even more. From the data front, the ISM non-manufacturing PMI in October in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD dropped significantly yesterday. The price finished the session below the S1 support level, slightly above 0.981. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could drop to 0.975. But if they do, the price might return above 0.98.
GBPUSD
The GBPUSD also dropped heavily yesterday. The price finished the session slightly below 1.139. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could drop to 1.13. But if they do, the price might return above 1.136.
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