Yesterday both EURUSD and GBPUSD went down. Today both pairs are falling even more. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD went down yesterday. The price finished the session at 1.067. Today it is falling even more. The price is already below the S1 support level. If the buyers don’t generate some serious appetite soon, the price could even drop below 1.062 today. But if they do, the price might return above 1.065.
GBPUSD
The GBPUSD also went down yesterday. The price finished the session slightly below 1.199. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could even drop to 1.19 today. But if they do, the price might return above 1.196.
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