Yesterday was a really volatile session. In the end both EURUSD and GBPUSD rose strongly. Today both currency pairs are going up even more. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Yesterday was a really volatile session. First the EURUSD dropped heavily. Then, the bulls show real strength. In consequence, the price finished the day a little above the R1 resistance level and 1.09. Today it is rising even more. If the buyers continue generating firm demand, the price might go up above 1.093 today. But if the bears counterattack, the price could fall below 1.09.
GBPUSD
The GBPUSD also rose strongly yesterday. The price finished the session slightly above 1.241. Today it is going up even more. If the buyers continue generating firm demand, the price might even reach 1.25 today. But if the bears counterattack, the price could return below 1.244.
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