On Friday the EURUSD managed to rise, but the GBPUSD went down. Today both currency pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Friday was a really interesting session. First, the EURUSD managed to rise above the Pivot Point and 1.068. Then, at the beginning of the American trading session, it started falling. In consequence, the price finished the day a little below 1.066.
During today’s Asian trading session, the EURUSD managed to rise above 1.067. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could even drop to 1.064 today. But if they do, the price might reach 1.068.
GBPUSD
The GBPUSD also was really volatile on Friday. First, during the Asian trading session, the price managed to rise above 1.244 and the EMA 77. Then, one hour before noon, it started falling. In consequence, the price finished the last session of the week slightly above 1.238.
During today’s Asian trading session, the GBPUSD reached 1.24. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could even drop to 1.235 today. But if they do, the price might go up above the EMA 77 and reach 1.241.
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