Yesterday both EURUSD and GBPUSD rose strongly. Today both currency pairs are showing mixed sentiment. From the data front, all eyes will be focused on the European Central Bank and Bank of England interest rate decisions and press conferences. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD rose strongly yesterday. The price finished the session a little below the R3 resistance level, slightly below 1.099. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even go up above 1.103 today. But if the bears take control over the market, the price could drop to the Pivot Point.
GBPUSD
The GBPUSD also rose strongly yesterday. The price finished the session slightly above 1.237. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach 1.24 today. But if the bears take control over the market, the price could drop to the EMA 77.