Yesterday both EURUSD and GBPUSD went down. Today the EURUSD is falling even more, but the GBPUSD is rising. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down yesterday. The price finished the session slightly above 1.036. Today it is falling even more. If the buyers don’t generate some serious appetite, the price could drop below the EMA 200, to 1.033. But if they do, the price might reach 1.038.
The GBPUSD also went down yesterday. The price finished the session a little above the EMA 77, slightly above 1.186. However, it is rising today. If the buyers continue generating firm demand, the price might even go up above 1.192 today. But if the bears counterattack, the price could drop below the EMA 77 and reach 1.186.