On Friday the EURUSD showed mixed sentiment, but the GBPUSD rose significantly and finished the week above 1.342. Today both currency pairs are going down, though. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD showed mixed sentiment on Friday and the volatility was very low. In consequence, the price finished the week above 1.144. However, it is falling today. If the buyers don’t generate some serious appetite soon, the price could drop to 1.14. But if they do, the price might reach the R2 resistance level and 1.148.
The GBPUSD went up on Friday. The price finished the week a little above 1.342. However, it is falling today. Right now the bears are attacking the EMA 77. If they do it successfully, the price could drop to 1.336 today. But if the bulls manage to defend that level, the price might rise above 1.345.