On Friday both EURUSD and GBPUSD dropped significantly. Today both currency pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD dropped heavily on Friday. The price finished the last session of the week significantly below the S1 support level, slightly below 1.068. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 1.07. But if the bears show their strength once again, the price could fall below 1.066.

EURUSD

GBPUSD

The GBPUSD also dropped significantly on Friday. The price finished the last session of the week a little above 1.205. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 77 and reach 1.209 today. But if the bears show their strength once again, the price could even fall to 1.201.

GBPUSD