Yesterday both EURUSD and GBPUSD dropped significantly. Today both currency pairs are rising, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD dropped significantly yesterday. The price finished the session slightly above the S1 support level, a little below 1.06. However, it is rising today. If the buyers continue generating firm demand, the price might even reach 1.065. But if the bears counterattack, the price could return below 1.06.
GBPUSD
The GBPUSD also dropped significantly yesterday. The price finished the session at 1.195. However, it is rising today. If the buyers continue generating firm demand, the price might go up above 1.20. But if the bears counterattack, the price could return below 1.196 today.
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