Yesterday the EURUSD slightly went up and the GBPUSD showed mixed sentiment. Today, both currency pairs are rising. From the data front, retail sales and core retail sales in December in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD managed to rise a little yesterday. The price finished the session above 1.145. Today, it is going up even more. The price is already above 1.147. If the buyers continue generating firm demand, the price might rise above the R1 resistance level and 1.149 today. But if the bears counterattack, the price could drop below the Pivot Point and 1.145.
GBPUSD
The GBPUSD showed mixed sentiment yesterday. The price finished the session at 1.37. However, it is rising today. Right now the price is at 1.374. If the buyers continue generating firm demand, the price might go up above 1.376 today. But if the bears counterattack, the price could drop to the EMA 77.
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