Yesterday the EURUSD dropped significantly, but the GBPUSD rose strongly. Today both currency pairs are going down, though. From the data front, the U.S. Federal Open Market Committee (FOMC) minutes from the last meeting will be published. Anyway, let’s move on to the the analysis:
The EURUSD dropped heavily yesterday. The price finished the session below the S2 support level, slightly below 1.065. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below 1.063 today. But if they do, the price might even reach 1.066.
The GBPUSD rose strongly yesterday. The price finished the session a little above 1.21. However, it is going down today. If the buyers don;t generate some serious appetite soon, the price could drop below 1.205. But if they do, the price might return above 1.209 today.