On Friday the EURUSD went down, but the GBPUSD managed to rise. Today the EURUSD is showing mixed sentiment and the GBPUSD is falling a bit. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down on Friday. The price finished the last session of the week exactly at 1.105. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might even reach 1.11 today. But if the bears show their strength once again, the price could drop to the S1 support level and 1.10.
The GBPUSD managed to rise on Friday. The price finished the last session of the week above 1.317. However, it is going down a bit today. If the buyers don’t generate some serious appetite soon, the price could even drop to 1.31 today. But if they do, the price might reach 1.319.