Yesterday the EURUSD managed to rise, but the GBPUSD went down. Today the EURUSD is still going up, but the GBPUSD is showing mixed sentiment. From the data front, all eyes will be focused on the U.S. Federal Open Market Committee’s interest rate decision and the press conference. Anyway, let’s move on to the analysis:
The EURUSD managed to rise yesterday. The price finished the session slightly below the EMA 200, a little above 1.086. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above the R1 resistance level and even reach 1.09. But if the bears counterattack, the price could return below 1.087 and reach the EMA 200.
The GBPUSD went down yesterday. The price finished the session slightly below 1.232. Today it is showing mixed sentiment. If the buyers show their strength, the price might reach 1.234 today. But if the bears take control over the market, the price could drop below 1.23.