Yesterday the EURUSD managed to rise, but the GBPUSD dropped a bit. Today, both currency pairs are showing mixed sentiment and the volatility is rather low. From the data front, manufacturing PMI in the Eurozone will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD rose significantly yesterday. The price finished the session a little below the EMA 200, at 1.16. Today it is showing mixed sentiment and the volatility is rather low. If the bulls show their strength once again, the price might rise above the R1 resistance level today. But if the bears take control over the market, the price could drop below the Pivot Point.
GBPUSD
The GBPUSD dropped a bit yesterday. The price finished the session slightly below 1.366. Today it is showing mixed sentiment and the volatility is rather low. If the bulls take control over the market, the price might rise above the EMA 77 today. But if the bears show their strength, the price could go down to 1.36.
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