Yesterday the EURUSD went down, but the GBPUSD managed to rise a bit. Today the EURUSD is falling even more and the GBPUSD is showing mixed sentiment. 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 managed to rise above 1.074. Then, at the beginning of the European trading session, the price started going down significantly. In consequence, it finished the day a little below 1.071.
During the first hours of today’s Asian trading session, the EURUSD managed to rise above the Pivot Point and 1.072. Then the price started going down heavily. Right now the bulls are trying to defend the S2 support level and 1.068. If they do it successfully, the price might return above today’s S1 and 1.07. But if they fail, the price could drop to 1.066.
GBPUSD
The GBPUSD also was pretty volatile yesterday. First, during the Asian trading session, the price rose above 1.237. Then, at the beginning of the European trading session, it went down below 1.234. After that, the price had been showing mixed sentiment for a few hours. However, it started rising in the early afternoon. In the early evening, the price started falling a bit, though. In consequence, the GBPUSD finished the session slightly above 1.235.
During the first hours of today’s Asian trading session, the price managed to rise above 1.237. Then it started going down. The price even dropped below 1.233 in the morning. However, at the beginning of the European trading session, it started rising. If the buyers continue generating sufficient demand, the price might even reach 1.238 today. But if they fail, the price could fall below 1.232.
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