Yesterday both EURUSD and GBPUSD managed to rise. 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 rose significantly yesterday. The price finished the session above the R1 resistance level, slightly below 1.078. However, it is going down today. The price is already below the S1 support level and 1.074. If the buyers don’t generate some serious appetite soon, the price could even reach today’s S2 and 1.07. But if they do, the price might return above 1.076.

EURUSD

GBPUSD

The GBPUSD managed to rise a bit yesterday. The price finished the session at 1.265. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 1.26 today. But if they do, the price might return above the EMA 77 and 1.263.

GBPUSD