Yesterday both EURUSD and GBPUSD dropped slightly. Today, both currency pairs are rising slowly. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD slightly went down yesterday. The price finished the session at the Pivot Point, below 1.132. Today it is rising slowly. If the buyers continue generating sufficient demand, the price might reach the R1 resistance level today. But if the bears counterattack, the price could drop below 1.13 and reach the S1 support level.
GBPUSD
Yesterday the GBPUSD also dropped slightly. The price finished the session a little above 1.327. However, it is rising today. If the buyers continue generating sufficient demand, the price might rise above 1.333 today. But if the bears counterattack, the price could fall to 1.325.
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