Yesterday both EURUSD and GBPUSD dropped significantly. The GBPUSD even went down below 1.36. Today the EURUSD is rising and the GBPUSD is showing mixed sentiment. From the data front, the JOLTs job openings in August in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD dropped significantly yesterday. The price finished the session a little above 1.155. Today it is rising, though. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might rise above the EMA 200 today. But if they fail, the price could drop to the S1 support level.
The GBPUSD also dropped significantly yesterday. The price finished the session below 1.36. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 77 today. But if the bears show their strength once again, the price could fall to 1.355.