Yesterday the EURUSD managed to rise but the GBPUSD went down a bit. Today the EURUSD is going down a bit and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise yesterday. The price finished the session above 1.031. Today it is going down a bit. Right now the bulls are trying to defend 1.03. If they do it successfully, the price might bounce and rise above 1.034 today. But if they fail, the price could drop to the S1 support level and 1.028.
The GBPUSD went down a bit yesterday. The price finished the session a little below 1.22. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach 1.224 today. But if the bears show their strength once again, the price could drop to 2.217.