Yesterday both EURUSD and GBPUSD showed mixed sentiment. Today both currency pairs are rising, though. 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 showed mixed sentiment yesterday. First the price rose strongly and tested the R1 resistance level, but in the afternoon it dropped significantly. In consequence, it finished the session slightly above 0.987. Today, the price is rising, though. If the buyers continue generating firm demand, the price might go up above the EMA 200 and 0.992. But if the bears counterattack, the price could fall below the Pivot Point and 0.989.
The GBPUSD also showed mixed sentiment yesterday. The price finished the session a little below 1.148. Today, it is rising, though. If the buyers continue generating firm demand, the price might go up above 1.153. But if the bears counterattack, the price could return below 1.149.