On Friday the EURUSD showed mixed sentiment and the GBPUSD managed to rise. Today the EURUSD is going up, but the GBPUSD is falling. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD showed mixed sentiment on Friday. The price finished the last session of the week slightly above 1. 053. Today, it is rising, though. If the buyers continue generating sufficient demand, the price might go up above the R1 resistance level and reach 1.059. But if the bears counterattack, the price could drop below 1.052.
The GBPUSD managed to rise on Friday. The price finished the last session of the week a little above 1.228. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach 1.235 today. But if the bears take control over the market, the price could drop to 1.222.