Yesterday the EURUSD managed to rise, but the GBPUSD showed mixed sentiment. However, both currency pairs are going down today. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD rose strongly yesterday. The price finished the session at the R2 resistance level. However, it is falling heavily today. Right now the bears are attacking the S1 support level. If they do it successfully, the price could drop below 1.13. But if the buyers generate some serious appetite, the price might rise to the EMA 200.
The GBPUSD showed mixed sentiment yesterday. The price finished the session slightly below 1.35. Today it is going down significantly, though. If the buyers don’t generate some serious appetite, the price could fall below 1.345 today. But if they do, the price might return above the EMA 77.