Yesterday the EURUSD showed mixed sentiment. On the other hand, the GBPUSD slightly went up. Today, both currency pairs are falling, though. From the data front, the CB consumer index in April will be published in the US. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD showed mixed sentiment yesterday. The bulls weren’t strong enough to hold above 1.21. Today, the price is going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and the EMA 200. But if they do, the price might return above 1.21.
GBPUSD
The GBPUSD managed to go up a bit yesterday. However, the bulls weren’t strong enough to hold above 1.39. Today, the price is going down, though. It’s already below the EMA 77. If the buyers don’t generate some serious appetite soon, the price could drop to 1.385. But if they do, the price might return above the EMA 77.
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