Yesterday, both EURUSD and GBPUSD rose strongly. Today the GBPUSD is showing mixed sentiment and the EURUSD is going down a bit. From the data front, new home sales in July in the US will be published. Anyway, let’s move on to the analysis:
Yesterday was a great bullish session for the EURUSD. The price rose high above the R2 resistance level and finished the session a little below 1.175. However, the price is going down a bit today. If the buyers don’t generate some serious appetite today, the price could drop to the EMA 200. But if they do, the price might rise above 1.175.
The GBPUSD also rose strongly yesterday. The price finished the session above 1.371. Today, it is showing mixed sentiment, though. If the buyers show their strength once again, the price might rise above 1.375. But if the bears take control over the market, the price could drop below the EMA 77.