Yesterday the EURUSD went down a bit, but the GBPUSD managed to rise slightly. Today both Forex pairs are going up slowly. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down yesterday. The price finished the session a little above the S1 support level, slightly below 1.142. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might reach the R1 resistance level today. But if the bears counterattack, the price could drop below 1.14 and the EMA 200.
The GBPUSD managed to rise yesterday. The price finished the session above 1.354. Today it is going up even more. If the buyers continue generating firm demand, the price might even reach 1.36 today. But if the bears counterattack, the price could drop below the EMA 77 and 1.354.