Yesterday both EURUSD and GBPUSD went down. Today the GBPUSD is falling even more and the EURUSD 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 a little above the S1 support level and 0.99. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above 0.993 and reach the EMA 200. But if the bears show their strength once again, the price could fall below 0.988.
The GBPUSD also went down yesterday. The price finished the session slightly above 1.151. Today it is falling even more. The price is already below 1.15. If the buyers don’t generate some serious appetite soon, the price could drop below 1.146 today. But if they do, the price might rise above the EMA 77 and reach 1.152.