Yesterday both EURUSD managed to rise. Today the GBPUSD is going down and the EURUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD managed to rise yesterday. The price finished the session slightly below the Pivot Point, a little above 1.087. During today’s Asian trading session, it dropped below the Pivot Point. However, the price started going up this morning. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level and reach 1.09. But if the bears counterattack, the price could fall below the Pivot Point and 1.086 today.
GBPUSD
Yesterday was a good bullish session. The GBPUSD rose significantly and finished the day slightly below 1.253. During today’s Asian trading session, the price dropped below 1.247. However, it started going up this morning. If the buyers continue generating sufficient demand, the price might rise above the EMA 77 and even reach 1.254 today. But if the bears counterattack, the price could fall to 1.245.
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