Yesterday, the EURUSD dropped a bit and the GBPUSD showed mixed sentiment. The EURUSD finished the session slightly below 1.18. Today, the EURUSD is rising and the GBPUSD is going down. From the data front, weekly initial jobless claims in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD dropped a bit yesterday. The price finished the session below 1.18, slightly above the S1 support level. Today, the price is rising, though. Right now the bulls are trying to attack the Pivot Point and 1.18. If they do it successfully, the price might reach the R1 resistance level today. But if they fail, the price could go down to 1.177.
The GBPUSD showed mixed sentiment yesterday. The bulls weren’t strong enough to stay above the EMA 77, so the price dropped below that level in the afternoon and finished the session at 1.38. Today, it is going down significantly. If the buyers don’t generate some serious appetite, the price could fall below 1.375. But if they do, the price might return above the EMA 77 and 1.38.