On Friday both EURUSD and GBPUSD dropped significantly. Today both currency pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD dropped significantly on Friday. The price finished the last session of the week a little above the S1 support level, slightly above 1.084. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach the EMA 200. But if the bears show their strength once again, the price could fall below today’s S1 and reach 1.08.
GBPUSD
The GBPUSD also dropped significantly on Friday. The price finished the last session of the week slightly below 1.234. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach the EMA 77. But if the bears show their strength once again, the price could fall below 1,229.
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