On Friday the EURUSD showed mixed sentiment, but the GBPUSD dropped significantly. Today, the EURUSD is going down and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD showed mixed sentiment on Friday. The price finished the week slightly above 1.145. Today it is going down a bit. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and 1.14. But if they do, the price might rise above the Pivot Point and reach 1.147.
The GBPUSD dropped significantly on Friday. The price finished the session at 1.353. Today it is rising a bit, though. If the buyers continue generating sufficient demand, the price might reach 1.357 today. But if the bears counterattack, the price could fall below 1.35.