On Friday, both EURUSD and GBPUSD showed mixed sentiment. First, both of them dropped significantly, but in the afternoon they managed to rise. Today, both Forex pairs are still showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD showed mixed sentiment on Friday. First the price dropped below the S2 support level and 1.215. Then, in the afternoon, it managed to rise strongly. In the end, it finished the week at the Pivot Point, close to 1.22. Today, the price is still showing mixed sentiment. If the buyers show their strength today, the price might reach the R1 resistance level. But if the bears take control over the market, the price could drop to the S1.

GBPUSD

The GBPUSD also showed mixed sentiment on Friday. First the price dropped significantly. Then, in the afternoon, it managed to rise. In the end it finished the week close to 1.419. Today, the price is still showing mixed sentiment. If the buyers show their strength today, the price might rise above 1.42. But if the bears take control over the market, the price could drop below the EMA 77.