On Friday both EURUSD and GBPUSD went down. 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 went down on Friday. The price finished the last session of the week at the EMA 200, a little below 1.072. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might go up above 1.075 and reach the R1 resistance level today. But if the bears counterattack, the price could drop below the EMA 200 and reach 1.071.
GBPUSD
The GBPUSD dropped significantly on Friday. The price finished the last session of the week below 1.25. However, it is rising today. If the buyers continue generating firm demand, the price might even reach 1.255 today. But if the bears counterattack, the price could return below 1.25.
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