On Friday both EURUSD and GBPUSD went down. Today the EURUSD is rising and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down on Friday. The price finished the last session of the week slightly above 1.086. However, it is rising today. If the buyers continue generating firm demand, the price might even reach 1.089. But if the bears counterattack, the price could return below the EMA 200 and reach 1.087 today.
The GBPUSD also went down on Friday. The price finished the last session of the week at 1.239. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach 1.241 today. But if the bears show their strength once again, the price could drop to 1.236.