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 Asian trading session, the EURUSD dropped below the S1 support level and the EMA 200. Then, at the beginning of the European trading session, the price started rising. It even went up above the Pivot Point and 1.123 one hour before noon. After that, the price started falling heavily. It even dropped below 1.118 in the afternoon. Then, the price started rising once again, though. In consequence, the EURUSD finished the session exactly at 1.12 and the S1.
During the first hours of today’s Asian trading session, the price rose above 1.122. Then, in the morning, it started falling significantly. The price is already below 1.12. If the buyers don’t generate some serious appetite soon, the price could drop to 1.118 today. But if they do, the price might return above 1.121.
GBPUSD
The GBPUSD also was really volatile yesterday. First, the price dropped below 1.287. Then, in the afternoon, it started rising. In consequence, the price finished the session slightly below 1.294.
During the first hours of today’s Asian trading session, the price managed to rise above 1.296. Then, it started falling significantly. If the buyers don’t generate some serious appetite soon, the price could drop below 1.288 today. But if they do, the price might return above 1.295.
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