On Friday both EURUSD and GBPUSD went down significantly. 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
The EURUSD dropped significantly on Friday. The price finished the last session of the week below the S1 support level, a little above 1.09. However, it is rising today. The price is already above the Pivot Point and 1.095. If the buyers continue generating firm demand, the price might reach the R1 resistance level and 1.10 today. But if the bears counterattack, the price could fall below 1.09.
GBPUSD
The GBPUSD also dropped significantly on Friday. The price finished the last session of the week slightly above 1.303. During the first hours of today’s Asian trading session it went down even more, but this morning the price started rising. If the buyers continue generating firm demand, the price might rise above the EMA 77 and reach 1.307 today. But if the bears counterattack, the price could fall to 1.301.
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