Yesterday the EURUSD rose significantly, but the GBPUSD dropped a bit. Today both currency pairs are rising, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Yesterday the EURUSD managed to rise. The price finished the session a little above the Pivot Point and 1.127. Today, it is going up even more. If the buyers continue generating firm demand, the price might rise high above the R1 resistance level and 1.13. But if the bears counterattack, the price could drop below the Pivot Point.
GBPUSD
The GBPUSD went down a bit yesterday. The price finished the session a little above 1.32. However, it is rising strongly today. The price is already high above the EMA 77. If the buyers continue generating firm demand, the price might rise above 1.327 today. But if the bears counterattack, the price could return below the EMA 77.
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