On Friday both EURUSD and GBPUSD managed to rise. Today the EURUSD is still going up, but the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise on Friday. The price finished the last session of the week slightly above 1.063. Today it is going up even more. If the buyers continue generating firm demand, the price might even reach the R2 resistance level and 1.067. But if the bears counterattack, the price could return below 1.064.
The GBPUSD rose strongly on Friday. The price finished the last session of the week slightly above 1.204. Today it is showing mixed sentiment. If the bulls show their strength once again, the price might even reach 1.208 today. But if the bears take control over the market, the price could drop below 1.201 and reach the EMA 77.