On Friday, the EURUSD dropped a bit and the GBPUSD showed mixed sentiment. Today, both Forex pairs are showing mixed sentiment. What can they do next? Let’s try to answer the question in an analysis:
The EURUSD dropped a bit on Friday. The price finished the session below the Pivot Point, above 1.131. Today, it is showing mixed sentiment. If the buyers take control over the market, the price might even rise above the R1 resistance level and reach 1.134. But if the bears show their strength, the price could fall below the S1 support level and 1.13.
The GBPUSD showed mixed sentiment on Friday and the volatility was rather low. The price finished the week at 1.34, a little above the EMA 77. Today, still nothing really happens. If the buyers take control over the market, the price might rise above 1.344. But if the bears show their strength, the price could drop below the EMA 77 and reach 1.335.