Yesterday the EURUSD managed to rise and the GBPUSD showed mixed sentiment. Today the EURUSD is still going up and 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 yesterday. The price finished the session above the EMA 200 and 1.055. Today it is still going up. The price is already above 1.057. If the buyers continue generating firm demand, the price might reach the R1 resistance level and 1.06. But if the bears counterattack, the price could drop to the EMA 200 and the Pivot Point.
The GBPUSd showed mixed sentiment yesterday. The price finished the session slightly below the EMA 77, a little above 1.232. Today it is still showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might even reach 1.24 today. But if the bears show their strength, the price could drop below 1.226.