Yesterday, the EURUSD rose significantly and the GBPUSD showed mixed sentiment. Today, both currency pairs are going down a bit, though. What can they do next? Let’s try to answer that question in an analysis:
Yesterday the EURUSD rose significantly. The price finished the session high above the R1 resistance level and the EMA 200. Today the price is going down, though. It’s already below the EMA 200 and the Pivot Point. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level and 1.18. But if they do, the price might return above the EMA 200.
Yesterday, the GBPUSD showed mixed sentiment. The price finished the session at the EMA 77. Today, it is going down a bit, though. If the buyers don’t generate some serious appetite soon, the price could drop below 1.375. But if they do, the price might rise above the EMA 77 and reach 1.38.