Yesterday, both EURUSD and GBPUSD dropped deeply. Today, the GBPUSD is going down even more, but the EURUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD dropped significantly yesterday. The price finished the session below the S1 support level. Today the price is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might even rise to the R1 resistance level. But if the bears show their strength, the price could fall to 1.165.
Yesterday the GBPUSD dropped heavily. It finished the session at 1.363. Today the price is falling even more. If the buyers don’t generate some serious appetite, the price could drop below 1.36 today. But if they do, the price might even rise to the EMA 77.