Yesterday both EURUSD and GBPUSD rose strongly. Today the EURUSD is going up even more and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD rose strongly yesterday. The price finished the session high above the R2 resistance level, a little below 1.03. Today it is going up even more. If the buyers continue generating firm demand, the price might even reach 1.036 today. But if the bears counterattack, the price could return below 1.03.
The GBPUSD also rose strongly yesterday. The price finished the session above 1.221. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach 1.227 today. But if the bears take control over the market, the price could drop below 1.218.