On Friday the EURUSD managed to rise a bit and the GBPUSD showed mixed sentiment. Today both currency pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Friday was a really interesting session. First, the EURUSD managed to rise above the R1 resistance level and 1.061. Then, at noon, the price started falling. It even dropped below 1.057 in the early evening. However, during the last 90 minutes of Friday’s session, the price managed to rise a bit. In consequence, the EURUSD finished the day a little below the EMA 200.
During the first hours of today’s Asian trading session, the price dropped below 1.056. Then, it started rising. The price even went up above the Pivot Point and reached 1.059 at the beginning of the European trading session. After that, it started falling once again. If the buyers don’t generate some serious appetite soon, the price could return below 1.056 today. But if they do, the price might even reach 1.06.
GBPUSD
The GBPUSD also was really volatile on Friday. First, the price reached 1.227. Then, in the early afternoon, it started falling. The price even reached 1.218 at the beginning of the American trading session. After that, it started going up once again. In consequence, the GBPUSD finished the day a little below 1.22.
After the weekend, the price opened below 1.218. Then, it started rising. The price even went up above 1.221 at the beginning of the European trading session. After that, it started falling. If the buyers don’t generate some serious appetite soon, the price could even reach 1.216 today. But if they do, the price might reach 1.222.
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