Yesterday both EURUSD and GBPUSD managed to rise. Today, the GBPUSD is showing mixed sentiment and the EURUSD is falling. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Yesterday was a really interesting session. First, during the Asian trading session, the EURUSD reached 1.082. Then, at the beginning of the European trading session, the price started falling. 90 minutes later it dropped below the Pivot Point and 1.08. After that, the price started going up once again. In consequence, the EURUSD finished the session slightly below 1.082.
During today’s Asian trading session, the price rose above today’s R1 resistance level and 1.083. Then, in the morning, it started falling. The price is already below the Pivot Point. If the buyers don’t generate some serious appetite soon, the price could drop to 1.08 and today’s S1 support level. But if they do, the price might return above the EMA 200 and reach 1.083.
GBPUSD
The GBPUSD also was really volatile yesterday. First, during the Asian trading session, the price managed to rise above the EMA 77 and 1.26. Then, at the beginning of the European trading session, it started falling. Two hours later the price dropped below 1.257. After that, it started going up once again. In consequence, the price finished the session a little above the EMA 77, at 1.26.
During today’s Asian trading session, the GBPUSD rose above 1.263. Then, in the morning, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 1.258 today. But if they do, the price might return above 1.263.
SSL Secured