Yesterday both EURUSD and GBPUSD managed to rise. Today the EURUSD is going up even more, but the GBPUSD is showing mixed sentiment. From the data front, all eyes will be focused on the European Central Bank interest rate decision and press conference. Anyway, let’s move on to the analysis:
EURUSD
Yesterday was a really interesting session. First, the EURUSD rose above the R1 resistance level and 1.093. Then, at the beginning of the American trading session, it started falling. In consequence, the price finished the day a little above the EMA 200, slightly below 1.089.
During the first hours of today’s Asian trading session, the EURUSD reached 1.087. Then, it started rising. If the buyers continue generating sufficient demand, the price might even reach 1.092 today. But if the bears counterattack, the price could return below the Pivot Point and reach the EMA 200.
GBPUSD
The GBPUSD also was really volatile yesterday. First, the price rose above 1.277. Then, at the beginning of the American trading session, it started falling. In consequence, the price finished the day slightly above the EMA 77 and 1.272.
During the first hours of today’s Asian trading session, the GBPUSD dropped below 1.271. Then, it started rising. If the buyers continue generating sufficient demand, the price might even reach 1.275 today. But if the bears counterattack, the price could drop below the EMA 77 and 1.27.
SSL Secured