Yesterday the EURUSD managed to rise, but the GBPUSD went down a bit. Today both currency pairs are rising. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD managed to rise yesterday. The price finished the session a little above 1.06, slightly below the EMA 200. Today it is going up even more. If the buyers continue generating firm demand, the price might reach 1.064 today. But if the bears counterattack, the price could drop to the EMA 200.
GBPUSD
The GBPUSD went down a bit yesterday. The price finished the session slightly above 1.214. Today it is rising slowly, though. If the buyers continue generating sufficient demand, the price might reach 1.22 today. But if the bears counterattack, the price could drop below 1.211.
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