On Friday the EURUSD showed mixed sentiment, but the GBPUSD rose significantly. Today, both Forex pairs are going down, though. From the data front, the construction PMI in August in the UK will be published. Anyway, let’s move on to the analysis:

EURUSD

On Friday the EURUSD showed mixed sentiment. First the price rose significantly and tested the R2 resistance level. Then it dropped a bit and finished the week at 1.188. After the weekend, the price is going down, though. Right now the buyers are trying to defend the S1 support level. If they do it successfully, the price might rise to the Pivot Point. But if they fail, the price could drop below the EMA 200.

EURUSD

GBPUSD

On Friday the GBPUSD rose significantly. The price finished the week slightly below 1.386. Today, it is going down, though. Right now the bulls are trying to defend the EMA 77. If they do it successfully, the price might bounce and reach 1.388. But if they fail, the price could drop to the 1.38.

EURUSD