Yesterday both EURUSD and GBPUSD managed to rise. Today the EURUSD is going down, but the GBPUSD is showing mixed sentiment. From the data front, all eyes will be focused on the nonfarm payrolls and unemployment rate in July in the US. Anyway, let’s move on to the analysis:
The EURUSD rose strongly yesterday. The price finished the session a little below the R2 resistance level, slightly above 1.024. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to 1.02 and the EMA 200. But if they do, the price might rise above 1.025.
The GBPUSD managed to rise a bit yesterday. The price finished the session exactly at the EMA 77, slightly above 1.215. Today it is showing mixed sentiment. If the buyers show their strength, the price might even reach 1.22 today. But if the bears take control over the market, the price could drop to 1.21.