Yesterday the EURUSD showed mixed sentiment, but the GBPUSD rose above 1.36. Today both Forex pairs are going down, though. From the data front, all eyes will be focused on the nonfarm payrolls in September in the US. Anyway, let’s move on to the analysis:
Yesterday nothing really happened. The EURUSD showed mixed sentiment, but the volatility was very low. However, the price is going down today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might bounce and reach the EMA 200. But if they fail, the price could drop below the S2.
Yesterday the GBPUSD rose significantly. The price finished the session above 1.361. However, it is going down heavily today. If the buyers don’t generate some serious appetite, the price could drop below 1.355. But if they do, the price might return above the EMA 77 and 1.36.