Yesterday the EURUSD went up a bit and the GBPUSD showed mixed sentiment. Today both Forex pairs are rising, though. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise yesterday. The price finished the session a little below 1.09. Today it is rising even more. Right now the bulls are attacking the R1 resistance level and the EMA 200. If they do it successfully, the price might even reach 1.10 today. But if they fail, the price could drop to the Pivot Point and 1.09.
The GBPUSD showed mixed sentiment yesterday. The volatility was also really low. The price finished the session slightly below 1.309. However, it is rising today. The price is already above 1.313 and the EMA 77. If the buyers continue generating firm demand, the price might reach 1.319 today. But if the bears counterattack, the price could return below 1.309.