Yesterday both EURUSD and GBPUSD managed to rise. Today the EURUSD is going down and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise yesterday. The price finished the session a little below the Pivot Point and 0.997. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could even drop to the S1 support level and 0.99 today. But if they do, the price might rise above 0.999.
The GBPUSD also managed to rise yesterday. The price finished the session slightly above 1.182. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might go up above 1.188 today. But if the bears take control over the market, the price could drop below 1.18.