Yesterday both EURUSD and GBPUSd went down. Today, they are falling even more. From the data front, new home sales in January in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD went down yesterday. The price finished the session exactly at 1.13. Today it it salling even more. The price is already significantly below the S2 support level. If the buyers don’t generate some serious appetite, the price could even drop to 1.12 today. But if they do, the price might return above today’s S1.
The GBPUSD also dropped significantly yesterday. The price finished the session at 1.354. Today it is falling even more. Right now the bears are attacking 1.346. If the buyers don’t generate some serious appetite soon, the price could go down below 1.344 today. But if they do, the price might return above 1.35.