Yesterday both EURUSD and GBPUSD managed to rise. Today both currency pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
Yesterday the EURUSD rose significantly once again. The price finished the session above the R1 resistance level, slightly below 1.023. Today it is showing mixed sentiment. If the buyers show their strength one more time, the price might go up above 1.208 today. But if the bears take control over the market, the price could drop below the Pivot Point and 1.02.
The GBPUSD also rose significantly yesterday. The price finished the session slightly below 1.20. If the buyers show their strength once again, the price might reach 1.205 today. But if the bears take control over the market, the price could drop below 1.196.