Yesterday, the EURUSD showed mixed sentiment and the GBPUSD dropped. During today’s Asian trading session both Forex pairs showed mixed sentiment, but this morning they started going down. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD showed mixed sentiment yesterday. First the price rose and tested the R1 resistance level, but then it dropped and finished the day slightly above 1.203. However, the price is going down today. Right now it is getting close to the S1 support level. If the buyers don’t generate some serious appetite soon, the price might fall to the S2 today. But if they do, the price might rise above the Pivot Point.
The GBPUSD dropped yesterday. The price finished the day a little below the EMA 77. This morning it started going down a bit, but the volatility is rather low. If the buyers don’t generate some serious appetite soon, the price could fall below 1.39. But if they do, the price might return above the EMA 77.