On Friday the EURUSD went down, but the GBPUSD managed to rise. Today both Forex pairs are going up strongly. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD went down on Friday. The price finished the last session of the week a little above the Pivot Point and 1.055. However, it is rising strongly today. The price is already above the R1 resistance level and 1.059. If the buyers continue generating firm demand, the price might go up above 1.061 today. But if the bears counterattack, the price could drop below 1.057.

EURUSD

GBPUSD

The GBPUSD managed to rise a bit on Friday. The price finished the last session of the week above 1.248. Today it is going up even more. The price is already above 1.255. If the buyers continue generating firm demand, the price might reach 1.258 today. But if the bears counterattack, the price could drop below 1.252.

GBPUSD