Yesterday both EURUSD and GBPUSD rose strongly once again. The GBPUSD even finished the session at 1.37. Today both Forex pairs are going up even more. From the data front, the PPI in December in the US will be published. Anyway, let’s move on to the analysis:

EURUSD

Yesterday was another great bullish session. The EURUSD rose strongly and finished the session high above the R2 resistance level, at 1.144. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 1.148 today. But if the bears counterattack, the price could drop to the Pivot Point.

EURUSD

GBPUSD

The GBPUSD also rose strongly yesterday. The price finished the session at 1.37. Today it is going up even more. The price is already above 1.373. If the buyers continue generating firm demand, the price might rise above 1.376 today. But if the bears counterattack, the price could drop below 1.37.

GBPUSD