Yesterday, both EURUSD and GBPUSD dropped a bit. Today, the EURUSD is rising and the GBPUSD is showing mixed sentiment. From the data front, the GDP in Q2 in the Eurozone will be published. Anyway, let’s move on to the analysis:
The EURUSD dropped a bit yesterday. The bears attacked the S1 support level twice, but the bulls successfully defended that level and even managed to rise a bit in the evening. The price finished the day near 1.387, though. Today it is still rising. If the buyers continue generating firm demand, the price might rise above the R1 resistance level today. But if the bears counterattack, the price could fall to the EMA 200.
The GBPUSD also dropped a bit yesterday. The price finished the session at 1.383, a little below the EMA 77. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise to 1.387 today. But if the bears show their strength, the price could fall to 1.38