Yesterday both EURUSD and GBPUSD managed to rise. Today the EURUSD is going up even more, but the GBPUSD is falling. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise yesterday. The price finished the session slightly below 0.979. Today it is going up even more. If the buyers continue generating sufficient demand, the price might rise above 0.981 today. But if the bears counterattack, the price could drop below 0.978.
The GBPUSD also managed to rise yesterday. The price finished the session a little above 1.123. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 1.117. But if they do, the price might rise above above the EMA 77 and reach 1.124.