Yesterday both EURUSD and GBPUSD managed to rise a bit. Today both Forex pairs are going up even more. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD managed to rise a bit yesterday. The price finished the session above the Pivot Point and 1.094. Today it is going up even more. The price is already above 1.099. If the buyers continue generating firm demand, the price might rise above the R1 resistance level and 1.101 today. But if the bears counterattack, the price could drop to the EMA 200 and the Pivot Point.

EURUSD

GBPUSD

The GBPUSD also managed to rise yesterday. The price finished the session above 1.303, a little below the EMA 77. Today it is going up even more. The price is already above 1.306. If the buyers continue generating firm demand, the price might reach 1.309 today. But if the bears counterattack, the price could drop to the EMA 77.

GBPUSD