On Friday the EURUSD rose significantly, but the GBPUSD showed mixed sentiment. Today both Forex pairs are going up. though. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD rose significantly on Friday. The price finished the last session of the week exactly at the R1 resistance level, slightly below 1.086. Today it is going up even more. Right now the bulls are attacking today’s R2. If they do it successfully, the price might even rise above 1.092 today. But if they fail, the price could return below 1.088.
The GBPUSD showed mixed sentiment on Friday. The price finished the last session of the week slightly above 1.239. Today, it is rising slowly, though. If the buyers continue generating sufficient demand, the price might even reach 1.245 today. But if the bears counterattack, the price could drop to 1.237.