Yesterday both EURUSD and GBPUSD went down. Today, the GBPUSD is falling even more, but the EURUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Yesterday was a really interesting session. First, during the early hours of the Asian trading session, the EURUSD reached 1.056. Then, the price started rising. It even went up above 1.509 in the morning. After that, at the beginning of the European trading session, the price started falling heavily. It even dropped below the S1 support level and 1.053 in the late afternoon. After that, the price started rising once again, though. In consequence, the EURUSD finished the session slightly below 1.054.
During today’s Asian trading session, the price returned below 1.053. Then, at the beginning of the European trading session, it started rising. If the buyers continue generating sufficient demand, the price might even go up above the Pivot Point and the EMA 200 today. But if the bears counterattack, the price could fall below 1.052.
GBPUSD
The GBPUSD also was really volatile yesterday. First, during the early hours of the Asian trading session, the price dropped below 1.216. Then, it started rising. The price even reached 1.221 in the morning. After that, at the beginning of the European trading session, it started falling, though. In consequence, the GBPUSD finished the day at 1.214.
During today’s Asian trading session, the price reached 1.211. Then, at the beginning of the European trading session, it started rising. If the buyers continue generating sufficient demand, the price might even reach 1.215 today. But if the bears counterattack, the price could fall below 1.21.
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