Yesterday both EURUSD and GBPUSD showed mixed sentiment and the volatility was rather low. However, both currency pairs are rising today. From the data front, the markets will be focused on the job openings JOLTs report in December in the US. Anyway, let’s move on to the analysis:
The EURUSD showed mixed sentiment yesterday and the volatility was rather low. The bears tried to attack the EMA 200, but it was well defended by the buyers and after that the price rose a little. However, the EURUSD is going up significantly today. It’s already above the R1 resistance level. If the buyers continue generating firm demand, the price might even rise above the R2 and test 1.21. But if the bears counterattack, the price could drop to the Pivot Point.
The GBPUSD also showed mixed sentiment yesterday. The bears tried to attack the EMA 77 and 1.37, but after crossing it, the buyers generated some serious appetite and the price bounced quickly. However, the price is going up significantly today. If the buyers continue generating firm demand, the price might reach 1.38 today. But if the bears counterattack, the price could drop to the EMA 77.