On Friday the EURUSD managed to rise a bit, but the GBPUSD dropped significantly. Today the EURUSD is going down, and the GBPUSD is showing mixed sentiment. From the data front, the construction PMI will be published in the UK. Anyway, let’s move on to the analysis:
The EURUSD managed to rise a bit on Friday. The price finished the week a little above the EMA 200, slightly below 1.131. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could reach the S2 support level today. But if they do, the price might return above the EMA 200 and 1.13.
The GBPUSD dropped significantly on Friday. The price finished the week slightly below 1.323. During the first hours of today’s Asian trading session, it went down even more, but this morning it started rising strongly. If the buyers continue generating firm demand, the price might even reach 1.33 today. But if the bears counterattack, the price could fall below 1.322.