On Friday both EURUSD and GBPUSD managed to rise. Today, the GBPUSD is going up 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
Friday was a really interesting session. First, during the Asian trading session, the EURUSD dropped below 1.057. Then, at the beginning of the European trading session, the price started rising. It even went up above 1.06 in the early evening. However, during the last hours of Friday’s session, the price fell a bit. In consequence, the EURUSD finished the day a little above 1.059.
During today’s Asian trading session, the price reached 1.057. Then, at the beginning of the European trading session, it started rising. If the buyers continue generating sufficient demand, the price might even reach 1.06 today. But if the bears counterattack, the price could drop below 1.057 and reach today’s S1 support level and the EMA 200.
GBPUSD
The GBPUSD also was really volatile on Friday. First, during the Asian trading session, the price dropped below 1.21. Then, at the beginning of the European trading session, it started rising. In consequence, the price finished the day at 1.216.
During today’s Asian trading session, the GBPUSD fell below 1.215 and the EMA 77. Then, in the morning, it started rising. If the buyers continue generating sufficient demand, the price might even reach 1.219 today. But if the bears counterattack, the price could drop below the EMA 77.
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