On Friday both EURUSD and GBPUSD managed to rise. 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 managed to rise a bit on Friday. The price finished the week exactly at 1.04. Today it is going up even more. If the buyers continue generating firm demand, the price might even reach 1.045 and the EMA 200. But if the bears counterattack, the price could drop to the Pivot Point and 1.039.
The GBPUSD also managed to rise on Friday. The price finished the last session of the week slightly above 1.224. Today it is showing mixed sentiment, though. If the buyers show their strength once again, the price might even reach 1.23 today. But if the bears take control over the market, the price could drop to 1.22.