Yesterday both EURUSD and GBPUSD managed to rise. Today the EURUSD is going up even more, but 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 yesterday. The price finished the session slightly below 1.035. Today it is going up even more. If the buyers continue generating firm demand, the price might even rise above 1.045 and reach the R1 resistance level. But if the bears counterattack, the price could drop below the Pivot Point and reach 1.033.
The GBPUSD rose significantly yesterday. The price finished the session a little above 1.186. Today it is showing mixed sentiment. If the bulls show their strength once again, the price might go up above 1.191 today. But if the bears take control over the market, the price could drop below the EMA 77 and even reach 1.18.