On Friday the EURUSD went down a bit and the GBPUSD showed mixed sentiment. Today both currency pairs are rising, though. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down a bit on Friday. The price finished the last session of the week exactly at 0.98. Today, it is rising slowly, though. If the buyers continue generating sufficient demand, the price might reach the R1 resistance level and 0.986 today. But if the bears counterattack, the price could drop below the Pivot Point and reach the EMA 77 and 0.974.
The GBPUSD showed mixed sentiment on Friday. The price finished the week slightly above 1.116. Today it is rising, though. The price is already above 1.12. If the buyers continue generating firm demand, the price might even reach 1.129 today. But if the bears counterattack, the price could drop below 1.11.