On Friday the EURUSD managed to rise, but the GBPUSD showed mixed sentiment. Today both currency pairs are going up, though. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise on Friday. The price finished the last session of the week slightly above the EMA 200 and 1.061. Today, after the Christmas Holiday, it opened much higher and has been going up since then. If the buyers continue generating firm demand, the price might rise above the R2 resistance level and reach 1.067. But if the bears counterattack, the price could drop to 1.064.
The GBPUSD showed mixed sentiment on Friday. The price finished the last session of the week slightly below 1.205. Today, it is rising, though. If the buyers continue generating sufficient demand, the price might reach 1.211 today. But if the bears counterattack, the price could return below 1.205.