Yesterday both EURUSD and GBPUSD managed to rise. However, both currency pairs are going down today. From the data front, retail sales in August and Philadelphia Fed manufacturing index in September will be published in the US. Anyway, let’s move on to the analysis:
Yesterday the EURUSD managed to rise a bit. The price finished the session almost exactly at the Pivot Point and the EMA 200. However, it is going down heavily today. The price is already below the S2 support level. If the buyers don’t generate some serious appetite soon, the price could drop to 1.175. But if they do, the price might rise above the S1 and reach 1.18.
The GBPUSD rose significantly yesterday. The price finished the session above 1.383. However, it is falling today. The price is already below the EMA 77. If the buyers don’t generate some serious appetite soon, the price could drop below 1.38. But if they do, the price might return above the EMA 77.