Yesterday the US dollar showed some real strength. In consequence, both EURUSD and GBPUSD dropped deeply. Today both Forex pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD dropped deeply yesterday. The price finished the session below the S2 support level, slightly above 0.996. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach 1.002 today. But if the bears show their strength once again, the price could fall to 0.993.

EURUSD

GBPUSD

The GBPUSD also dropped deeply yesterday. The price finished the session a little above 1.149. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach 1.154 today. But if the bears show their strength once again, the price could fall to 1.146.

GBPUSD