Yesterday both EURUSD and GBPUSD showed mixed sentiment. Today both currency pairs are still pretty volatile, but the sentiment is mixed. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Yesterday was a really interesting session. First, in the morning, the EURUSD dropped below the Pivot Point and 1.087. Then, at the beginning of the European trading session, it started rising. The price even rose above 1.093 at the beginning of the American trading session. However, in the late afternoon, it fell a bit. In consequence, the EURUSD finished the session a little below 1.091.
During today’s Asian trading session the price dropped below 1.09. Then, in the morning, it started rising, though. If the buyers continue generating sufficient demand, the price might reach 1.093 today. But if the bears counterattack, the price could even drop to 1.088 today.
GBPUSD
The GBPUSD also was really volatile yesterday. First, during the Asian trading session, the price managed to rise above 1.27. Then, in the morning, it started falling. The price even dropped below the EMA 77 and 1.266 at the beginning of the European trading session. Right after that, it started rising, though. The price even went up above 1.272 at the beginning of the American trading session. However, in the late afternoon, it fell a bit. In consequence, the GBPUSD finished the session at 1.269.
During today’s Asian trading session, the price dropped to the EMA 77. Then, in the morning, it started rising, though. If the buyers continue generating sufficient demand, the price might go up above 1.271 today. But if the bears counterattack, the price could drop to 1.267.
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