Yesterday, the EURUSD dropped below 1.17, but the GBPUSD went up to 1.37. Today both currency pairs are going down, though. From the data front, the CB consumer confidence in September in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD went down yesterday. The price finished the session a little below 1.17. Today it is falling even more. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might rise above the Pivot Point today. But if they fail, the price could go down below 1.167.
The GBPUSD managed to rise yesterday. The price finished the session at 1.37. However, it is going down today. The price is already below the EMA 77. If the buyers don’t generate some serious appetite soon, the price could drop below 1.365. But if they do, the price might return above the EMA 77.