On Friday, the EURUSD showed mixed sentiment, but the GBPUSD rose significantly. The GBPUSD finished the week above 1.374. Today, both Forex pairs are going down a bit, though. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD showed mixed sentiment on Friday. The price finished the week exactly at 1.16. During today’s Asian trading session the price dropped to the S2 support level, but this morning it started rising. Right now the bulls are attacking the EMA 200 and the S1. If they do it successfully, the price might rise above the Pivot Point and 1.16. But if they fail, the price could even fall to the S3.
The GBPUSD rose significantly on Friday. The price finished the week above 1.374.However, it is going down a bit today. If the buyers don’t generate some serious appetite, the price could drop below the EMA 77. But if they do, the price might rise above 1.376.