EURUSD and GBPUSD: EURUSD slips back below 1.07000

<div><img width="1000" height="667" src="https://www.financebrokerage.com/wp-content/uploads/2022/03/shutterstock_1311823778.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="EURUSD, GBPUSD and AUDUSD Chart Movement Overview" decoding="async" loading="lazy" /></div><h1><b>EURUSD and GBPUSD: EURUSD slips back below 1.07000</b></h1>
<ul>
<li aria-level="1">Since the beginning of the week, EURUSD has been in a bearish consolidation, forming a new low yesterday at the 1.06861 level.</li>
<li aria-level="1">Pair GBPUSD fell to 1.24458 levels yesterday for the first time in the previous three months.</li>
</ul>
<h2><b>EURUSD chart analysis</b></h2>
<p>Since the beginning of the week, EURUSD has been in a bearish consolidation, forming a new low yesterday at the 1.06861 level. The Euro managed to find support at that level and return above 1.07000 during the Asian trading session. Today&#8217;s high was at the 1.07285 level, after which we see a pullback to support at the 1.07100 level.</p>
<p>If we manage to stay above, we will have the opportunity to continue on the <a href="https://www.financebrokerage.com/the-dollar-index-with-bullish-consolidation-rises-to-101-00/">bullish</a> side. Potential higher targets are 1.07400 and 1.07600 levels. The EMA50 moving average is waiting for us in the zone around 1.07800 levels.</p>
<p>We need a negative consolidation and a pullback of the Euro to the 1.07000 level for the bearish option. A break below would likely form a new low and thus confirm a bearish option. Potential lower targets are 1.06800 and 1.06600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225035 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/vGEamv8z-1024×620.jpg" alt="EURUSD Chart Analysis" width="1024" height="620" /></p>
<h2><b>GBPUSD chart analysis</b></h2>
<p>Pair GBPUSD fell to 1.24458 levels yesterday for the first time in the previous three months. During the Asian trading session, we see a recovery to 1.25000 levels and a new pullback to 1.24800 levels. It is very possible that we will see a break below and a new test of the support zone around the 1.24500 level. A break below would lead to the formation of a new lower low and thus confirm the bearish option. Potential lower targets are 1.24250 and 1.24000 levels.</p>
<p>We need a positive consolidation and a return above the 1.25000 level for a bullish option. Then, we need to keep up there in order to start further recovery with a new impulse. Potential higher targets are 1.25250 and 1.25500 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225036 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/5aFPeN1t-1024×620.jpg" alt="GBPUSD Chart Analysis" width="1024" height="620" /></p>
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