Yesterday, the EURUSD showed mixed sentiment and the GBPUSD dropped significantly. Today, both Forex pairs are going down, though. From the data front, nonfarm payrolls and unemployment rate in June in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD showed mixed sentiment yesterday. The bulls weren’t strong enough to stay above the Pivot Point, so the price dropped below that level in the afternoon. Today, the price is still going down. Right now the bears are getting close to the S1 support level. If the buyers don’t generate some serious appetite soon, the price could fall below 1.18 today. But if they do, the price might rise above the Pivot Point.
Yesterday, the GBPUSD dropped significantly. The price finished the session at 1.376. Today, it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall to 1.37 today. But if they do, the price might rise to the EMA 77.