Yesterday both EURUSD and GBPUSD showed mixed sentiment. Today both currency pairs are going down, though. The volatility was rather low, though. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD showed mixed sentiment yesterday. The volatility was low, though. The price finished the session at the EMA 200, slightly below 1.069. However, it is going down today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might bounce and reach the Pivot Point. But if they fail, the price could even drop to today’s S2.
The GBPUSD also showed mixed sentiment yesterday. The volatility was really low as well. The price finished the session slightly below 1.204. Today it is going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below 1.199 today. But if they do, the price might reach 1.205.