Yesterday the EURUSD dropped a bit, but the GBPUSD showed mixed sentiment. Today the EURUSD is still going down, but the GBPUSD is rising slowly. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD dropped a bit yesterday. The price finished the session below the Pivot Point, a little above 1.144. Today it is going down even more. Right now the bulls are defending 1.14. If they do it successfully, the price might bounce and reach the Pivot Point. But if they fail, the price could fall below the EMA 200 and reach 1.137.
The GBPUSD showed mixed sentiment yesterday. The price finished the session above 1.352. Today it is going up slowly. The price is already above the EMA 77. If the buyers continue generating sufficient demand, the price might reach 1.357 today. But if the bears counterattack, the price could drop to 1.35.