Yesterday both EURUSD and GBPUSD showed mixed sentiment. Today both currency pairs are rising strongly, though. From the data front, the CPI in July in the Eurozone will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD showed mixed sentiment yesterday. The price finished the session slightly above 1.019. Today it is rising strongly, though. If the buyers continue generating firm demand, the price might go up above the R1 resistance level and 1.027 today. But if the bears counterattack, the price could drop to 1.02.
GBPUSD
GBPUSD also showed mixed sentiment yesterday. The price finished the session at 1.217. Today it is rising strongly, though. The price is already above 1.221. If the buyers continue generating firm demand, the price might reach 1.225 today. But if the bears counterattack, the price could drop to 1.218.
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