Yesterday both EURUSD and GBPUSD went down. Today the GBPUSD is falling even more and 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, the EURUSD dropped below 1.094 and reached the S1 support level. Then, in the early afternoon, the price started rising. It went up above 1.097 two hours after the start of the American trading session. After that, the price started falling once again. It even dropped below the EMA 200 and 1.093 in the evening. However, during the last two hours of yesterday’s session, the price managed to rise a bit. In consequence, the EURUSD finished the day slightly above 1.094.
During today’s Asian trading session, the price managed to rise above the Pivot Point and 1.095. Then, in the morning, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below the EMA 200 and reach 1.093 today. But if they do, the price might reach 1.096.
GBPUSD
The GBPUSD also was really volatile yesterday. First, the price dropped below 1.263. Then, in the early afternoon, it started rising. The price reached 1.268 at the beginning of the American trading session. After that, it started falling once again. The price even dropped below 1.263 in the evening. However, during the last two hours of yesterday’s session, it managed to rise a bit. In consequence, the GBPUSD finished the day a little below 1.264.
During today’s Asian trading session, the price managed to rise above 1.265. Then, in the morning, it started falling heavily. If the buyers don’t generate some serious appetite soon, the price could even drop below 1.26 today. But if they do, the price might reach 1.266 and the EMA 77.
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