Yesterday the EURUSD showed mixed sentiment and the GBPUSD dropped significantly. Today, the EURUSD is still showing mixed sentiment, but the GBPUSD is rising. From the data front, building permits in August in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD showed mixed sentiment yesterday. First the price dropped to the S1 support level, but in the afternoon it rose and in consequence it finished the session slightly below 1.173. Today the price is still showing mixed sentiment. If the buyers take control over the market, the price might even reach the R2 resistance level today. But if the bears show their strength, the price could fall to 1.17.
The GBPUSD dropped significantly yesterday. The price finished the session below 1.366. However, it is rising today. Right now the bulls are attacking the EMA 77. If they do it successfully, the price might rise above 1.37 today. But if they fail, the price could fall below 1.365.