Yesterday the EURUSD went down a bit, but the GBPUSD rose significantly. Today both Forex pairs are going down, though. From the data front, all eyes will be focused on the nonfarm payrolls and unemployment rate in the US in June. Anyway, let’s move on to the analysis:
The EURUSD went down a bit yesterday. The price finished the session slightly above 1.016. Today it is falling even more. The price is already below the S2 support level. If the buyers don’t generate some serious appetite soon, the price could drop below 1.005 today. But if they do, the price might return above today’s S1 and 1.013.
The GBPUSD rose significantly yesterday. The price finished the session at 1.202.However, it is going down heavily today. Right now the bulls are trying to defend 1.193. If they do it successfully, the price might bounce and return above 1.196. But if they fail, the price could even drop to 1.19 today.