Yesterday the EURUSD showed mixed sentiment and the GBPUSD went down. Today both currency pairs are rising strongly, though. From the data front, the minutes of the European Central Bank’s last meeting will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD showed mixed sentiment yesterday. The price finished the session a little above the Pivot Point, slightly below 0.997. However, it is rising strongly today. If the buyers continue generating firm demand, the price might go up above the R1 resistance level and reach 1.003. But if the bears counterattack, the price could return below 0.997.
GBPUSD
The GBPUSD went down yesterday. The price finished the session below the EMA 77, slightly above 1.179. However, it is rising strongly today. If the buyers continue generating firm demand, the price might even reach 1.187 today. But if the bears counterattack, the price could drop to 1.18 and the EMA 77.
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