Yesterday, both EURUSD and GBPUSD dropped deeply. The EURUSD finished the session significantly below the S2 support level and the GBPUSD went down below 1.38. Today, both currency pairs are showing mixed sentiment. From the data front, the JOLTs job openings in May in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD dropped heavily yesterday. The price finished the session at 1.182, significantly below the S2 support level. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point. But if the bears show their strength once again, the price could fall below 1.18.
GBPUSD
The GBPUSD dropped significantly yesterday. The price went down below the EMA 77 and finished the session slightly below 1.38. 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 1.375.
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