Yesterday both EURUSD and GPBUSD went down. Today both Forex pairs are rising strongly, though. From the data front, the GDP in the US in Q3 will be published. Anyway, let’s move on to the analysis:

EURUSD

The EURUSD went down yesterday. The price finished the session slightly below the EMA 200, a little above 1.06. However, it is rising strongly today. The price is already high above the R1 resistance level. If the buyers continue generating firm demand, the price might even reach 1.067 today. But if the bears counterattack, the price could return below today’s R1 and 1.064.

EURUSD

GBPUSD

The GBPUSD dropped heavily yesterday. The price finished the session slightly below 1.208. However, it is rising strongly today. The price is already above 1.213. If the buyers continue generating firm demand, the price might reach 1.216 today. But if the bears counterattack, the price could return below the EMA 77 and 1.212.

GBPUSD