Yesterday the EURUSD dropped, but the GBPUSD rose a bit. However, both Forex pairs are going down today. From the data front, the construction PMI in the UK in September and the ADP nonfarm employment change in the US in September will be published. Anyway, let’s move on to the analysis:
The EURUSD went down yesterday. The price finished the session slightly above the S1 support level, a little below 1.16. Today it is falling even more. The price is already below the S1. If the buyers don’t generate some serious appetite, the price could drop to the S2. But if they do, the price might reach the Pivot Point and 1.16.
The GBPUSD managed to rise a bit yesterday. The price finished the session above 1.362. However, it is falling deeply today. If the buyers don’t generate some serious appetite, the price could drop to 1.35. But if they do, the price might reach the EMA 77.