Yesterday both EURUSD and GBPUSD managed to rise. Today, both currency pairs are falling heavily, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Yesterday was a really interesting session. First, the EURUSD managed to rise above 1.08. Then, in the early afternoon, it started falling. In consequence, the price finished the session slightly above 1.079
Today, the EURUSD is falling heavily. It is already below today’s S1 support level and 1.077. If the buyers don’t generate some serious appetite soon, the price could drop below today’s S2 and 1.075. But if they do, the price might return above today’s S1 and 1.078.
GBPUSD
The GBPUSD also was really volatile yesterday. First, the price managed to rise above 1.264. Then, in the early afternoon, it started falling. The price even dropped below 1.262 four hours later. After that, it started rising once again, though. In consequence, the price finished the session a little below the EMA 77 and 1.263.
Today, the GBPUSD is falling heavily. It is already below 1.258. If the buyers don’t generate some serious appetite soon, the price could even drop to 1.255 today. But if they do, the price might return above 1.26.
SSL Secured