Yesterday both EURUSD and GBPUSD rose significantly. Today both currency pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD rose strongly yesterday. The price finished the session above the R1 resistance level, at 1.073. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might go up above 1.076 today. But if the bears take control over the market, the price could drop below the Pivot Point and 1.07.
GBPUSD
The GBPUSD also rose significantly yesterday. The price finished the session at 1.218. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might go up above 1.221 today. But if the bears take control over the market, the price could drop below the EMA 77 and reach 1.212.
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