Yesterday the EURUSD showed mixed sentiment and the GBPUSD went down. Today both currency 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 a little below 1.084. Today it is rising slowly, though. If the buyers continue generating sufficient demand, the price might go up above 1.087 and reach the R1 resistance level. But if the bears counterattack, the price could return below 1.084.
The GBPUSD went down yesterday. The price finished the session slightly below the EMA 77 and 1.232. However, it is rising today. If the buyers continue generating firm demand, the price might even reach 1.237 today. But if the bears counterattack, the price could return below 1.233.