Yesterday both EURUSD and GBPUSD managed to rise a bit. Today both currency pairs are going down, though. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD managed to rise a bit yesterday. The price finished the session slightly above 1.073. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could even drop below 1.07 and reach the S1 support level. But if they do, the price might reach 1.074.

EURUSD

GBPUSD

The GBPUSD also managed to rise a bit yesterday. The price finished the session a little above 1.217. However, it is going down heavily today. If the buyers don’t generate some serious appetite soon, the price could drop even below 1.205. But if they do, the price might return above 1.213.

GBPUSD