On Friday both EURUSD and GBPUSD dropped significantly. Today the GBPUSD is rising slowly, but the EURUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD dropped heavily on Friday. The price finished the last session of the week slightly above the S2 support level, at 1.076. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 200 and reach 1.079. But if the bears show their strength once again, the price could fall to 1.073.
The GBPUSD also dropped significantly on Friday. The price finished the last session of the week a little below 1.223. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might go up above 1.226. But if the bears counterattack, the price could fall to 1.221.