Yesterday, both EURUSD and GBPUSD dropped significantly. The EURUSD finished the session at 1.19, below the S1 support level. The GBPUSD ended the day below 1.384. Today, the EURUSD is showing mixed sentiment and the GBPUSD is still going down. From the data front, the CPI in June in the Eurozone, and the ADP nonfarm employment change in the US, also in June will be published. Anyway, let’s start the analysis:
The EURUSD dropped significantly yesterday. The price finished the session below the S1 support level, at 1.19. Today, the price is showing mixed sentiment. If the buyers take control over the market the price might rise to the EMA 200. But if the bears show their strength once again, the price could fall to the S1.
The GBPUSD also dropped significantly yesterday. The price finished the session below 1.384. Today, it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below 1.38 today. But if they do, the price might rise to the EMA 77.