Yesterday both EURUSD and GBPUSD showed mixed sentiment and the volatility was rather low. Today, the EURUSD is rising slowly, but the GBPUSD is going down a bit. From the data front, all eyes will be focused on the Federal Reserve that will make an update on the US monetary policy. Anyway, let’s move on to the analysis:
The EURUSD showed mixed sentiment yesterday and the volatility was rather low. The price finished the session slightly above the Pivot Point, almost at the same level as it started the day. Today the price is rising a bit. If the buyers continue generating sufficient demand, the price might go up above the R1 resistance level and the EMA 200 today. But if the bears counterattack, the price could drop to the S1 support level.
The GBPUSD also showed mixed sentiment yesterday. The volatility was really low as well. Today the price is going down a bit. If the buyers don’t generate some serious appetite soon, the price could fall below 1.36. But if they do, the price might rise above the EMA 77.