Yesterday, the EURUSD slightly went up and the GBPUSD showed mixed sentiment. Today, both Forex pairs are rising, though. From the data front, the PPI index and retail sales in May will be published in the US. Anyway, let’s move on to the analysis:
The EURUSD rose a little yesterday. The price finished the day close to the 1.212. Today, the EURUSD is even stronger. It’s already above the R1 resistance level. Right now the bulls are attacking the EMA 200. If they do it successfully, the price might rise above the R2 today. But if they fail, the price could drop below the Pivot Point.
The GBPUSD showed mixed sentiment yesterday. The price managed to stay above 1.41, though. Today, it is slightly going up. Right now the bulls are attacking the EMA 77. If they do it successfully, the price might even reach 1.415 today. But if they fail, the price could drop below 1.41.