Yesterday both EURUSD and GBPUSD went down. However, both currency pairs are rising today. 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 a little above 1.09, the S1 support level and the EMA 200. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might go up above the Pivot Point and reach 1.093 today. But if the bears counterattack, the price could fall to 1.089.
GBPUSD
The GBPUSD also went down yesterday. The price finished the session a little below the EMA 77 and 1.246. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might even reach 1.25 today. But if the bears counterattack, the price could fall below the EMA 77.
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