Yesterday the EURUSD went down, but the GBPUSD managed to rise. Today the GBPUSD is falling and the EURUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down yesterday. The price finished the session at the S1 support level, slightly above 1.069. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above 1.07 and the Pivot Point. But if the bears show their strength once again, the price could drop below today’s S1 and reach 1.066.
The GBPUSD managed to rise yesterday. The price finished the session above 1.252. However, it is going down significantly today. The price is already below 1.247. If the buyers don’t generate some serious appetite soon, the price could reach 1.243 today. But if they do, the price might return above 1.25.