Yesterday, the EURUSD showed mixed sentiment and the GBPUSD dropped. Today, the EURUSD is rising and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD showed mixed sentiment yesterday. The bulls weren’t strong enough to hold above the Pivot Point and the EMA 200, so the price finished the session slightly below these levels. Today, it is going up, though. The price is already above the Pivot Point and the EMA 200. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level today. But if the bears counterattack, the price could drop below the Pivot Point.
The GBPUSD dropped significantly yesterday. The price finished the session below the EMA 77, but it managed to stay above 1.39. Today, it is showing mixed sentiment. If the buyers take control over the market, the price might return above the EMA 77. But if the bears show their strength once again, the price could fall below 1.39.