Yesterday the EURUSD showed mixed sentiment and the GBPUSD dropped a bit. Today both currency pairs are rising, though. From the data front, all eyes will be focused on the Bank of England interest rate decision and press conference. Anyway, let’s start the analysis:
EURUSD
The EURUSD showed mixed sentiment yesterday. The price finished the session a little below 1.017. Today, it is rising, though. If the buyers continue generating firm demand, the price might reach the R1 resistance level and 1.02 today. But if the bears counterattack, the price could drop below the Pivot Point and 1.015.
GBPUSD
The GBPUSD went down a bit yesterday. The price finished the session slightly above 1.213. However, it is rising today. The price is already above the EMA 77. If the buyers continue generating firm demand, the price might go up above 1.22 today. But if the bears counterattack, the price could drop to 1.211.
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