On Friday, both EURUSD and GBPUSD dropped significantly. The EURUSD went down to the S1 support level and the GBPUSD finished the last session of the week at 1.38. Today, both Forex pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD dropped a bit on Friday. The price finished the last session of the week at the S1 support level. Today, during the Asian trading session, the price showed mixed sentiment, but at the beginning of the European trading session it started going down. If the buyers don’t generate some serious appetite soon, the price could fall below the S1. But if they do, the price might rise above the R1 resistance level and 1.19.
The GBPUSD dropped significantly on Friday. The price finished the last session of the week at 1.38. Today, it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 77. But if the bears show their strength once again, the price could fall below 1.38.