Yesterday both EURUSD and GPBUSD managed to rise. Today the EURUSD is going up even more, but the GBPUSD is falling. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD rose significantly yesterday. The price finished the session slightly below the R1 resistance level, a little above 1.05. Today it is going up even more. If the buyers continue generating firm demand, the price might even reach 1.055 today. But if the bears counterattack, the price could drop below the Pivot Point and reach the EMA 200 and 1.049.
The GBPUSD also rose significantly yesterday. The price finished the session at 1.22. However, it is going down today. Right now the bulls are trying to defend the EMA 77. If they do it successfully, the price might rise above 1.221 today. But if they fail, the price could drop below 1.216.