On Friday, both EURUSD and GBPUSD showed mixed sentiment and the volatility was a bit low. Today, both currency pairs are rising, though. From the data front, new home sales in June in the US will be published. Anyway, let’s move on to the analysis:
Friday wasn’t really an interesting and volatile session for the EURUSD. The price showed mixed sentiment and finished the week slightly above 1.177. However, it is rising strongly today. Right now the bulls are attacking 1.18. If they do it successfully, the price might rise above the R2 resistance level. But if they fail, the price could drop to the EMA 200.
On Friday the GBPUSD showed mixed sentiment. The bears weren’t strong enough to hold the price below the EMA 77, so it finished the week slightly above that level. Today, the price is rising, though. If the buyers continue generating sufficient demand, the price might reach 1.38. But if the bears counterattack, the price could drop below the EMA 77.