Yesterday both EURUSD and GBPUSD dropped heavily. The GBPUSD finished the session a little above 1.34. Today they are going down even more. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD dropped deeply yesterday. The price finished the session significantly below the S3 support level, a little below 1.148. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall to 1.14 today. But if they do, the price might return above 1.15.
GBPUSD
The GBPUSD also dropped heavily yesterday. The price finished the session slightly above 1.34. Today it is going down even more. It’s already below 1.338. If the buyers don’t generate some serious appetite soon, the price could fall to 1.333. But if they do, the price might return above 1.34.
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