Yesterday the EURUSD showed mixed sentiment, but the GBPUSD dropped heavily. Today both Forex pairs are rising, though. 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 slightly above 1.098. However, it is rising today. Right now the price is attacking the R1 resistance level and 1.101. If the buyers do it successfully, the price might reach today’s R2 and 1.103. But if they fail, the price could drop to the EMA 200.
The GBPUSD dropped heavily yesterday. The price finished the session below 1.31.However, it is rising today. If the buyers continue generating firm demand, the price might go up above the EMA 77 and reach 1.313. But if the bears counterattack, the price could return below 1.31.