Yesterday the EURUSD showed mixed sentiment. On the other hand, the GBPUSD rose strongly and finished the session at 1.393. Today, the EURUSD is going down a bit, and the GBPUSD is showing mixed sentiment. From the data front, all eyes will be focused on nonfarm payrolls and unemployment rate in July, which will be released in the US. Anyway, let’s start the analysis:
The EURUSD showed mixed sentiment yesterday. First the price rose and tested the Pivot Point and the EMA 200, but the bulls weren’t strong enough to beat those levels, so it dropped and finished the session exactly at the same level where it began. Today, the price is going down a bit. If the buyers don’t generate some serious appetite soon, the price could fall below the S1 support level and 1.18. But if they do, the price might reach the EMA 200.
The GBPUSD rose strongly yesterday. The price finished the session at 1.393. Today, it is showing mixed sentiment. If the buyers show their strength once again, the price might rise above 1.395 today. But if the bears take control over the market, the price could drop below the EMA 77.