Yesterday both EURUSD and GBPUSD rose significantly. Today both Forex pairs are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

Yesterday was a good bullish session. The EURUSD rose significantly and finished the day a little below the R1 resistance level, slightly below 1.116. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even go up above 1.119 and reach today’s R1. But if the bears take control over the market, the price could drop below the Pivot Point.

EURUSD

 

GBPUSD

The GBPUSD also rose significantly yesterday. The price finished the session above the EMA 77 and 1.313. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach 1.318. But if the bears take control over the market, the price could drop below the EMA 77 and reach 1.311.

GBPUSD