On Friday the EURUSD managed to rise, but the GBPUSD went down. Today both Forex pairs are going down, though. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise on Friday. The price finished the last session of the week slightly above the EMA 200 and 1.000. However, it is going down today. The price is already below 0.998. If the buyers don’t generate some serious appetite soon, the price could drop below 0.996 and reach the S1 support level. But if they do, the price might reach the Pivot Point.
The GBPUSD went down on Friday. The price finished the week slightly below 1.142. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop to 1.135 today. But if they do, the price might reach the EMA 77 and 1.143.