Yesterday both EURUSD and GBPUSD rose strongly. Today the EURUSD is going up even more, but the GBPUSD is falling slowly. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD rose strongly yesterday. The price finished the session above 0.984, a little below the R2 resistance level. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 0.987 today. But if the bears counterattack, the price could drop to 0.982.
The GBPUSD also rose strongly yesterday. The price finished the session at 1.136. Today, it is going down a bit, though. If the buyers don’t generate some serious appetite soon, the price could drop below the EMA 77 and 1.13 today. But if they do, the price might even rise above 1.141.