Yesterday the EURUSD dropped significantly, but the GBPUSD managed to rise. Today, both Forex pairs are slightly going down, though. From the data front, the CPI and core CPI in November in the US will be published today. Anyway, let’s move on to the analysis:
The EURUSD dropped significantly yesterday. The price finished the session slightly above the S1 support level, but below 1.13. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall to the S1 today. But if they do, the price might rise above the EMA 200 and the Pivot Point.
The GBPUSD managed to rise yesterday. The price finished the session above the EMA 77, at 1.322. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could even drop below 1.317. But if they do, the price might return above the EMA 77.