Yesterday both EURUSD and GBPUSD managed to rise. Today both currency pairs are going down, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD managed to rise yesterday. The price finished the session slightly below the R1 resistance level, a little below 1.074. Today it is going down, though. If the buyers don’t generate some serious appetite soon, the price could drop to 1.071 today. But if they do, the price might rise above 1.074.
GBPUSD
The GBPUSD also managed to rise yesterday. The price finished the session slightly below 1.212. Today it is going down a bit, though. If the buyers don’t generate some serious appetite soon, the price could drop to 1.208 today. But if they do, the price might reach 1.213.
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