Yesterday the EURUSD rose strongly and the GBPUSD showed mixed sentiment. Today both currency pairs are going down, though. From the data front, the minutes of the European Central Bank’s last meeting and the CPI in February in the Eurozone will be published. Anyway let’s start the analysis:
EURUSD
The EURUSD rose strongly yesterday. The price finished the session a little below the R2 resistance level and 1.067. However, it is going down today. If the buyers don;t generate some serious appetite soon, the price could drop below the EMA 200 and reach 1.061. But if they do, the price might return above the Pivot Point and reach 1.065.
GBPUSD
The GBPUSD showed mixed sentiment yesterday. The price finished the session slightly below 1.202. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to 1.195. But if they do, the price might return above 1.199.
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