Yesterday both EURUSD and GBPUSD went down. The GBPUSD even finished the session below 1.36. Today the EURUSD is rising, but the GBPUSD is falling even more. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD dropped significantly yesterday. The price finished the session below the S1 support level, slightly above 1.131. However, it is rising strongly today. The price is already above the Pivot Point. If the buyers continue generating firm demand, the price might reach the R1 resistance level and the EMA 200. But if the bears counterattack, the price could even fall below 1.13.
The GBPUSD also went down yesterday. The price finished the session below 1.36. Today it is falling even more. If the buyers don’t generate some serious appetite, the price could drop below 1.355 today. But if they do, the price might reach 1.36.