Yesterday the EURUSD showed mixed sentiment and the GBPUSD managed to rise. Today the EURUSD is going up, but the GBPUSD is falling slowly. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD showed mixed sentiment yesterday. The price finished the session at 1.04. Today, it is rising, though. If the buyers continue generating firm demand, the price might go up above 1.044 and reach the R1 resistance level. But if the bears counterattack, the price could drop below 1.04.
The GBPUSD managed to rise yesterday. The price finished the session a little above 1.211. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the EMA 77 and reach 1.207. But if they do, the price might rise above 1.213.