Yesterday both EURUSD and GBPUSD managed to rise a bit. However, both Forex pairs are going down today. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD managed to rise a bit yesterday. The price finished the session above 1.053. However, it is going down today. The price is already below the S1 support level and 1.05. If the buyers don’t generate some serious appetite soon, the price could drop below 1.047 and reach today’s S2. But if they do, the price might return above 1.053.

EURUSD

GBPUSD

The GBPUSD also rose slightly yesterday. The price finished the session above 1.227. However, it is going down heavily today. If the buyers don’t generate some serious appetite soon, the price could drop to 1.215. But if they do, the price might return above 1.22.

GBPUSD