Yesterday both EURUSD and GBPUSD went down. Today the EURUSD is falling even more, but the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD dropped significantly yesterday. The price finished the session below the S1 support level, slightly below 1.073. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below today’s S1 and 1.069; But if they do, the price might rise above 1.074 and reach the Pivot Point.
The GBPUSD also went down yesterday. The price finished the session slightly below 1.202. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above 1.206 and reach the EMA 77. But if the bears show their strength once again, the price could drop below 1.199.