Yesterday both EURUSD and GBPUSD managed to rise. Today the EURUSD is going down, but the GBPUSD is showing mixed sentiment. From the data front, the U.S. Federal Open Market Committee (FOMC) minutes from the last meeting will be published. Anyway, let’s move on to the analysis:
The EURUSD managed to rise a bit yesterday. The price finished the session above 1.016. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and reach 1.012. But if they do, the price might rise above 1.018.
The GBPUSD also managed to rise yesterday. The price finished the session slightly below 1.209. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might reach 1.214 today. But if the bears take control over the market, the price could drop below 1.206.