Yesterday both EURUSD and GBPUSD went down. The GBPUSD even finished the session below 1.31. 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 a little below the EMA 200 and 1.10. Today it is falling even more. If the buyers don’t generate some serious appetite, the price could drop to the S1 support level, below 1.094. But if they do, the price might reach the Pivot Point and 1.103.
GBPUSD
The GBPUSD dropped heavily yesterday. The price finished the session a little above 1.308. Today it is falling even more. If the buyers don’t generate some serious appetite, the price could go down below 1.302 today. But if they do, the price might return above 1.308.
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