On Friday the EURUSD went down, but the GBPUSD managed to rise a bit. Today both currency pairs are falling. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD went down on Friday. The price finished the last session of the week slightly above 1.032. Today it is falling even more. The price is already below the S2 support level. If the buyers don’t generate some serious appetite soon, the price could drop below 1.024 today. But if they do, the price might return above today’s S2 and reach 1.028.
GBPUSD
The GBPUSD managed to rise a bit on Friday. The price finished the last session of the week a little below the EMA 77, slightly above 1.188. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 1.179 today. But if they do, the price might return above 1.185 .
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