Yesterday both EURUSD and GBPUSD managed to rise a bit. 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 a bit yesterday. The price finished the session a little above the Pivot Point and 1.019. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 1.022 and reach the R1 resistance level. But if the bears counterattack, the price could drop below the Pivot Point and 1.019.
The GBPUSD also managed to rise a bit yesterday. The price finished the session above 1.207. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might go up above 1.211 today. But if the bears take control over the market, the price could drop below 1.205.