Yesterday both EURUSD and GBPUSD went down. Today the EURUSD is showing mixed sentiment, but the GBPUSD is rising slowly. 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 slightly below 1.047. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 1.05. But if the bears show their strength once again, the price could drop below 1.044 and reach the S1 support level.
The GBPUSD also went down yesterday. The price finished the session at 1.213. Today, it is rising slowly, though. If the buyers continue generating sufficient demand, the price might rise above the EMA 77 and reach 1.218. But if the bears counterattack, the price could drop to 1.21.