Yesterday both EURUSD and GBPUSD went down. Today both Forex pairs are rising a bit, though. From the data front, all eyes will be focused on the European Central Bank interest rate decision and the press conference. Anyway, let’s move on to the analysis:

EURUSD

The EURUSD dropped significantly yesterday. The price finished the session below the S1 support level, slightly above 1.181. Today the price is rising slowly, though. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might reach the R1 resistance level today. But if they fail, the price could fall below 1.18.

EURUSD

GBPUSD

The GBPUSD dropped a bit yesterday. The price finished the session below 1.377. However, it is rising today. Right now the bulls are attacking the EMA 77. If they do it successfully, the price might rise above 1.38 today. But if they fail, the price could fall near 1.372.

GBPUSD