Yesterday was an interesting session. Both EURUSD and GBPUSD opened much lower after the weekend, but they have been going up the whole session. In the end, the GBPUSD finished the session at the same level as on Friday, but the EURUSD managed to rise only slightly above 1.12. Today they are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD finished Friday’s session above 1.126. On Monday the price opened above 1.112. However, it has been rising all day. In the end, the price finished the session slightly below 1.122. Today it is showing mixed sentiment. If the buyers show their strength, the price might reach the R1 resistance level. But if the bears take control over the market, the price could drop to the S1 support level.
GBPUSD
The GBPUSD finished Friday’s session at 1.341. On Monday the price opened at 1.332. However, it has been rising all day and finished the session above 1.341. Today it is showing mixed sentiment. If the buyers show their strength, the price might rise above 1.346. But if the bears take control over the market, the price could drop below 1.336.
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