Yesterday the EURUSD dropped a bit, but the GBPUSD showed mixed sentiment. Today the EURUSD is showing mixed sentiment and the GBPUSD is rising. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down a bit yesterday. The price finished the session below the EMA 200, slightly above 1.101. During today’s Asian trading session the price dropped below the S2 support level, but this morning it started rising strongly. If the buyers continue generating firm demand, the price might go up above the EMA 200 and the Pivot Point. But if the bears counterattack, the price could return to today’s S2.
The GBPUSD showed mixed sentiment yesterday. The price finished the session slightly above the EMA 77 and 1.316. However, it is rising strongly today. The price is already above 1.318. If the buyers continue generating firm demand, the price might go up above 1.32 today. But if the bears counterattack, the price could drop to the EMA 77.