On Friday both EURUSD and GBPUSD rose strongly. 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 on Friday. The price finished the last session of the week high above the R1 resistance level, slightly below 1.036. During the first hours of today’s Asian trading session, the price was going down, but this morning it started rising again. If the buyers continue generating sufficient demand, the price might reach 1.037 today. But if the bears counterattack, the price could drop below the Pivot Point and 1.029.
GBPUSD
The GBPUSD also rose significantly on Friday. The price finished the last session of the week slightly above 1.184. During the first hours of today’s Asian trading session, the price was going down, but this morning it started rising again. If the buyers continue generating sufficient demand, the price might reach 1.186 today. But if the bears counterattack, the price could drop below 1.173 and reach the EMA 77.
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