Yesterday both EURUSD and GBPUSD went down. Today the EURUSD is rising and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Yesterday was a really interesting session. First, during the early hours of the Asian trading session, the EURUSD managed to rise above 1.096. Then, the price started falling significantly. It even dropped below the S1 support level and reached 1.091 in the afternoon. After that, the price started rising. In consequence, the EURUSD finished the session slightly above the S1, a little below 1.093.
Today, the price is rising slowly. If the buyers continue generating sufficient demand, the price might go up above the EMA 200 and even reach 1.096 today. But if the bears counterattack, the price could drop to 1.091.
GBPUSD
The GBPUSD also was really volatile yesterday. First, during the early hours of the Asian trading session, the price managed to rise above 1.276. Then, it started falling significantly. The price even dropped below 1.269 in the afternoon. After that, it started rising. In consequence, the GBPUSD finished the session slightly below 1.271.
During today’s Asian trading session, the price dropped below 1.269. Then, in the morning, it started rising. If the buyers continue generating sufficient demand, the price might go up above the EMA 77 and reach 1.273 today. But if the bears counterattack, the price could even drop to 1.267.
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