On Friday both EURUSD and GBPUSD went down. Today the EURUSD is showing mixed sentiment and the GBPUSD is rising. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down a bit on Friday. The price finished the last session of the week slightly above the S1 support level, at 1.104. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach the EMA 200 today. But if the bears show their strength once again, the price could drop below today’s S1 and reach 1.102.
The GBPUSD also went down on Friday. he price finished the last session of the week slightly below 1.31. However, it is rising today. If the buyers continue generating firm demand, the price might reach 1.316 today. But if the bears counterattack, the price could drop below the EMA 77 and reach 1.311.