Yesterday, the EURUSD rose a bit, but the GBPUSD showed mixed sentiment. Today both Forex pairs are going down, though. From the data front, durable goods orders in July will be published in the US. Anyway, let’s move on to the analysis:
The EURUSD rose a bit yesterday. The price finished the session above 1.175. However, the price is falling today. If the buyers don’t generate some serious appetite soon, the price could drop below the EMA 200. But if they do, the price might return above the Pivot Point.
The GBPUSD showed mixed sentiment yesterday. The price finished the session almost exactly at the same level as it started. During today’s Asian trading session the price went down a bit, but this morning it started rising once again. If the buyers continue generating sufficient demand, the price might reach 1.375 today. But if the bears show their strength, the price could drop below the EMA 77.