Yesterday both EURUSD and GBPUSD went down. However, both currency pairs are rising slowly today. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD went down yesterday. The price finished the session below 1.002. However, it is rising today. If the buyers continue generating firm demand, the price might reach the EMA 200 and 1.006. But if the bears counterattack, the price could drop below the Pivot Point and 1.000.
The GBPUSD also dropped significantly yesterday. The price finished the session slightly above 1.182. However, it is rising today. Right now the bulls are attacking the EMA 77. If they do it successfully, the price might reach 1.188 today. But if they fail, the price could go down to 1.18.