Yesterday the GBPUSD dropped and the EURUSD showed mixed sentiment. Today, both currency pairs are rising, though. From the data front, all eyes will be focused on the European Central Bank interest rate decision and the press conference. Anyway, let’s move on to the analysis:
EURUSD
Yesterday the EURUSD showed mixed sentiment. The price finished the session at 1.16, a little above the Pivot Point. Today it is rising, though. Right now the bulls are attacking the EMA 200. If they do it successfully, the price might go up above the R1 resistance level. But if they fail, the price could drop below 1.16.
GBPUSD
The GBPUSD dropped a bit yesterday. The price finished the session slightly below 1.374. However, it is rising strongly today. If the buyers continue generating firm demand, the price might reach 1.38 today. But if the bears counterattack, the price could return below the EMA 77.
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