Yesterday both EURUSD and GBPUSd rose strongly. Today both Forex pairs are going up even more. From the data front, all eyes will be focused on the U.S. Federal Open Market Committee’s interest rate decision and the press conference. Anyway, let’s move on to the analysis:

EURUSD

The EURUSD rose strongly yesterday. The price finished the session high above the R2 resistance level, at 1.063. Today it is going up even more. If the buyers continue generating sufficient demand, the price might even reach 1.067 today. But if the bears counterattack, the price could drop below 1.061 and reach the Pivot Point.

EURUSD

GBPUSD

The GBPUSD also rose strongly yesterday. The price finished the session slightly below 1.237. Today it is going up even more. If the buyers continue generating sufficient demand, the price might reach 1.24 today. But if the bears counterattack, the price could drop below 1.234 and reach the EMA 77.

GBPUSD