Yesterday both EURUSD and GPBUSD went down. Today both currency pairs are rising, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD went down yesterday. The price finished the session slightly above 1.059. However, it is rising today. If the buyers continue generating sufficient demand, the price might go up above the EMA 200 and reach 1.063. But if the bears counterattack, the price could drop below 1.059.
GBPUSD
The GBPUSD also went down yesterday. The price finished the session slightly below 1.203. However, it is rising today. If the buyers continue generating sufficient demand, the price might even reach 1.21 today. But if the bears counterattack, the price could drop below 1.202.
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