On Friday both EURUSD and GBPUSD went down. Today, both currency pairs are rising, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD went down on Friday. The price finished the session below the Pivot Point, slightly below 0.973. However, it is rising today. If the buyers continue generating sufficient demand, the price might go up above 0.976 today. But if the bears counterattack, the price could drop to 0.971.
GBPUSD
The GBPUSD also went down on Friday. The price finished the session slightly above 1.118. However, it is rising today. If the buyers continue generating firm demand, the price might even go up above 1.13 today. But if the bears counterattack, the price could return below the EMA 77 and 1.122.
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