Yesterday the EURUSD managed to rise, but the GBPUSD went down. Today the EURUSD is falling, but the GBPUSD is going up. 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 analysis:
The EURUSD rose significantly yesterday. The price finished the session slightly above the R1 resistance level and 1.073. However, it is going down today. The price is already below 1.07. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and reach 1.066. But if they do, the price might return above 1.071 and the Pivot Point.
The GBPUSD went down yesterday. The price finished the session a little below the EMA 77, at 1.253. However, it is rising today. If the buyers continue generating firm demand, the price might reach 1.258 today. But if the bears counterattack, the price could return below the EMA 77.