Yesterday the EURUSD finally managed to rise and the GBPUSD showed mixed sentiment. Today both EURUSD and GBPUSD are going down, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD finally managed to rise yesterday. The price finished the session slightly above 1.005. However, it is going down today. If the buyers don’t generate some serious appetite, the price could drop below 1.000 and reach the S1 support level today. But if they do, the price might rise above the Pivot Point and 1.006.
GBPUSD
The GBPUSD showed mixed sentiment yesterday. The price finished the session at 1.189. Today, it is going down, though. If the buyers don’t generate some serious appetite, the price could drop below 1.183. But if they do, the price might rise above the EMA 77 and reach 1.19.
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