Yesterday both EURUSD and GBPUSD went down. However, both currency pairs are rising today. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD dropped deeply yesterday. The price finished the session at the S3 support level, slightly below 1.038. However, it is rising today. Right now the bulls are attacking 1.04. If they do it successfully, the price might go up above the Pivot Point and reach 1.044. But if they fail, the price could fall below 1.036.
GBPUSD
The GBPUSD also went down yesterday. The price finished the session slightly above 1.219. However, it is rising today. Right now the bulls are attacking the EMA 77. If they do it successfully, the price might even reach 1.227 today. But if they fail, the price could go down below 1.217.
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