Yesterday the EURUSD went down and the GBPUSD showed mixed sentiment. Today both Forex pairs are falling, though. From the data front, the CPI and core CPI in the US in March will be published. Anyway, let’s move on to the analysis:
The EURUSD went down yesterday. The price finished the session a little above 1.088. Today it is falling even more. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might bounce and reach 1.089. But if they fail, the price could drop below 1.084.
The GBPUSD showed mixed sentiment yesterday. The price finished the session slightly above 1.302. However, it is going down today. The price is already below 1.301. If the buyers don’t generate some serious appetite soon, the price could drop to 1.298 today. But if they do, the price might rise above the EMA 77.