Yesterday was an interesting session. The EURUSD rose strongly, but the GBPUSD dropped significantly. Today the EURUSD is going down and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
Yesterday was a great, bullish session for the EURUSD. The price rose above the R2 resistance level and finished the session at 1.134. However, it is falling today. Right now the bulls are trying to defend the Pivot Point. If they do it successfully, the price might rise above 1.135 today. But if they fail, the price could drop below the EMA 200.
The GBPUSD dropped significantly yesterday. The price finished the session a little above 1.32. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 77. But if the bears show their strength once again, the price could even fall to 1.316.