Yesterday the EURUSD rose strongly, but the GBPUSD went down a bit. Today the EURUSD is falling and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD rose strongly yesterday. The price finished the session above the R2 resistance level, slightly above 1.068. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and reach 1.065. But if they do, the price might rise above 1.069.
The GBPUSD went down a bit yesterday. The price finished the session slightly above the EMA 77 and 1.202. Today it is showing mixed sentiment. If the buyers take control over the market, the price might even reach 1.206 today. But if the bears show their strength, the price could drop below 1.200.