Yesterday both EURUSD and GBPUSD went down. Today both currency 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 the Pivot Point, a little above 1.049. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below 1.046 and reach the S1 support level. But if they do, the price might rise above 1.051.
GBPUSD
The GBPUSD also went down yesterday. The price finished the session a little above 1.219. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below 1.215. But if they do, the price might rise above 1.22 and reach the EMA 77.
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