Yesterday the EURUSD dropped heavily, but the GBPUSD rose a bit. Today both Forex pairs are going up, though. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD went down heavily yesterday. The price finished the session significantly below the S2 support level, slightly above 1.097. However, it is rising today. If the buyers continue generating firm demand, the price might reach 1.102. But if the bears counterattack, the price could drop below 1.096.

EURUSD

GBPUSD

The GBPUSD managed to rise a bit yesterday. The price finished the session slightly above 1.311. Today it is going up even more. If the buyers continue generating firm demand, the price might reach 1.315 today. But if the bears counterattack, the price could drop below the EMA 77.

GBPUSD