Yesterday was a great bullish session for both EURUSD and GBPUSD. Today the GBPUSD is showing mixed sentiment, but the EURUSD is going down a bit. From the data front, new home sales in August in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD rose strongly yesterday. The price finished the session above the R1 resistance level, a little below 1.374. Today it is going down a bit, though. Right now the bulls are defending the EMA 200. If they do it successfully, the price might rise above 1.375. But if they fail, the price could drop below the Pivot Point.
The GBPUSD also rose strongly yesterday. The price finished the session above 1.371. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might rise above 1.375 today. But if they fail, the price could drop below the EMA 77 and 1.37.