Yesterday both EURUSD and GBPUSD went down. Today the EURUSD is rising and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down significantly yesterday. The price finished the session exactly at the S2 support level, slightly above 1.077. However, it is rising today. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might rise above 1.08 and reach the R1 resistance level today. But if they fail, the price could drop below today’s S1 and 1.076.
The GBPUSD also went down yesterday. The price finished the session slightly above 1.301. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 77. But if the bears show their strength once again, the price could drop below 1.299.