Yesterday the EURUSD managed to rise a bit, but the GBPUSD went down. Today both currency pairs are going down, though. From the data front, the CPI in the Eurozone in September will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD managed to rise yesterday. The price finished the session slightly above 0.986. However, it is going down significantly today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might return above 0.984. But if they fail, the price could drop to the EMA 200 and 0.98.
GBPUSD
The GBPUSD went down yesterday. The price finished the session a little above the EMA 77, slightly below 1.132. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below 1.125. But if they do, the price might return above 1.13 and reach the EMA 77.
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