Yesterday the EURUSD showed mixed sentiment and the GBPUSD managed to rise. Today, both currency pairs are going down, though. From the data front, all eyes will be focused on the Jackson Hole symposium, where the Chair of the Federal Reserve – Jerome Powell will be speaking about the future US monetary policy. Anyway, let’s move on to the analysis:
The EURUSD showed mixed sentiment yesterday. The price finished the session above 0.997. Today, it is going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below 0.994 and reach the S1 support level. But if they do, the price might rise above the Pivot Point and the EMA 200.
The GBPUSD managed to rise yesterday. The price finished the session slightly above 1.183. However, it is going down today. The price is already below 1.179. If the buyers don’t generate some serious appetite soon, the price could fall below 1.176 today. But if they do, the price might rise above 1.18 and reach the EMA 77.