Yesterday both EURUSD and GBPUSD went down. Today both currency pairs are falling even more. From the data front, the U.S. Federal Open Market Committee (FOMC) minutes from the last meeting will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD dropped significantly yesterday. The price finished the session at 1.09, a little above the S2 support level. 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 1.087. But if they do, the price might reach the Pivot Point and 1.903.
GBPUSD
The GBPUSD also dropped deeply yesterday. The price finished the session at 1.307. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below 1.305 today. But if they do, the price might return above 1.307.
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