Yesterday the EURUSD managed to rise a bit, but the GBPUSD went down. Today both EURUSD and GBPUSD are going up. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise a bit yesterday. However, the price still finished the session below the Pivot Point, slightly above 1.094. Today it is going up even more. The price is already above the R1 resistance level. If the buyers continue generating firm demand, the price might rise 1.103 and reach today’s R2. But if the bears counterattack, the price could fall below the EMA 200.
The GBPUSD went down yesterday. The price finished the session exactly at 1.30. However, it is rising today. If the buyers continue generating sufficient demand, the price might go up above 1.305. But if the bears counterattack, the price could drop below 1.30.