Yesterday both EURUSD and GBPUSD managed to rise. Today the GBPUSD is still going up, but the EURUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise yesterday. The price finished the session slightly above 1.002. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach the R1 resistance level and 1.005 today. But if the bears take control over the market, the price could drop below 1.001 and reach the Pivot Point.
The GBPUSD also managed to rise yesterday. The price finished the session slightly below 1.143. Today it is still going up slowly. If the buyers continue generating sufficient demand, the price might reach 1.149 today. But if the bears counterattack, the price could drop to the EMA 77.