On Friday the EURUSD went down, but the GBPUSD managed to rise. Today both currency pairs are falling, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD went down on Friday. The price finished the last session of the week a little above 1.083. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level and the EMA 200. But if they do, the price might rise above the Pivot Point and reach 1.083.
GBPUSD
The GBPUSD managed to rise on Friday. The price finished the last session of the week slightly above 1.223. Today it is going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below 1.216 today. But if they do, the price might return above 1.222.
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