Yesterday both EURUSD and GBPUSD rose strongly. Today both currency pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD rose strongly yesterday. The price finished the session above the R2 resistance level, slightly below 1.085. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might go up above 1.086 and reach today’s R1. But if the bears take control over the market, the price could drop to the S1 support level.
GBPUSD
The GBPUSD also rose strongly yesterday. The price finished the session at 1.234. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might go up above 1.235. But if the bears take control over the market, the price could drop below the EMA 77 today.
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