Yesterday the EURUSD rose strongly, but the GBPUSD showed mixed sentiment. Today both currency pairs are going up. From the data front, the ADP nonfarm employment change in March in the US and the GDP in Q4 in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD rose strongly yesterday. The price finished the session at the R3 resistance level, slightly above 1.108. Today it is going up even more. The price is already above 1.112. If the buyers continue generating firm demand, the price might even reach 1.15. But if the bears counterattack, the price could return below 1.10.
GBPUSD
The GBPUSD showed mixed sentiment yesterday. The price finished the session slightly below 1.31. Today it is rising strongly, though. The price is already above 1.312. If the buyers continue generating firm demand, the price might reach 1.315. But if the bears counterattack, the price could return below the EMA 77.
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