Yesterday the EURUSD managed to rise and the GBPUSD showed mixed sentiment. Today the GBPUSD is still showing mixed sentiment and the EURUSD is going up slowly. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD rose significantly yesterday. The price finished the session at the R1 resistance level, slightly above 1.058. Today it is going up slowly. If the buyers continue generating sufficient demand, the price might reach 1.061 today. But if the bears counterattack, the price could drop to 1.056.
The GBPUSD showed mixed sentiment yesterday. The price finished the session above 1.226. Today, nothing really happened. The price is still showing mixed sentiment. If the bulls show their strength, the price might reach 1.23 today. But if the bears take control over the market, the price could drop below 1.224.