Yesterday both EURUSD and GBPUSD managed to rise a bit. Today both currency pairs are going up even more. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD managed to rise a bit yesterday. The price finished the session at 1.051. Today it is going up even more. The price is already above the R1 resistance level. If the buyers continue generating firm demand, the price might rise above 1.057 and reach today’s R2. But if the bears counterattack, the price could drop below 1.053.
GBPUSD
The GBPUSD also managed to rise a bit yesterday. The price finished the session slightly above 1.224. Today it is going up even more. If the buyers continue generating firm demand, the price might even reach 1.235. But if the bears counterattack, the price could drop below the EMA 77 and 1.225.
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