Yesterday, the US dollar strengthened once again. The EURUSD finished the session slightly above the S2 support level, at 1.19. The GBPUSD also dropped deeply and finished the session a little above 1.392. Today, the GBPUSD is going down even more and the EURUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD dropped heavily yesterday. The price finished the session slightly above the S2 support level, at 1.19. Today, it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point. But if the bears show their strength once again, the price could fall below 1.19.
Yesterday, the GBPUSD also dropped significantly. The price finished the session a little above 1.392. Today, it is going down even more. It’s already below 1.388. If the buyers don’t generate some serious appetite soon, the price could fall below 1.385. But if they do, the price might return above 1.39.