Yesterday the EURUSD managed to rise, but the GBPUSD went down a bit. Today both currency pairs are showing mixed sentiment. From the data front, the CPI in December in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD managed to rise yesterday. The price finished the session a little below the R1 resistance level, slightly above 1.075. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might go up above 1.078 and reach today’s R1. But if the bears take control over the market, the price could drop to the S1 support level.
GBPUSD
The GBPUSD went down a bit yesterday. The price finished the session a little below the EMA 77, slightly below 1.214. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above 1.218 today. But if the bears show their strength once again, the price could drop below 1.21.
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