On Friday both EURUSD and GBPUSD managed to rise. Today both pairs are going up slowly. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD managed to rise on Friday. The price finished the last session of the week slightly above the EMA 200 and 1.069. Today it is going up slowly. If the buyers continue generating sufficient demand, the price might even rise above 1.072 and reach the R1 resistance level. But if the bears counterattack, the price could drop below 1.067 and reach the Pivot Point.
GBPUSD
The GBPUSD also managed to rise on Friday. The price finished the last session of the week slightly above 1.204. Today it is going up slowly. If the buyers continue generating sufficient demand, the price might reach 1.209 today. But if the bears counterattack, the price could drop below the EMA 77 and reach 1.201.
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