Yesterday both EURUSD and GBPUSD rose strongly. Today, the GBPUSD is going up even more, but the EURUSD is falling. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Yesterday was a really interesting session. First, during the Asian trading session, the EURUSD reached 1.057. Then, it started rising strongly. In consequence, the price finished the session slightly above the R3 resistance level, a little below 1.067.
During today’s Asian trading session, the EURUSD went up above 1.069. Then, at the beginning of the European trading session, it started falling heavily. If the buyers don’t generate some serious appetite soon, the price could drop to 1.064 and the Pivot Point today. But if they do, the price might return above 1.069.
GBPUSD
The GBPUSD also was really strong yesterday. First, during the Asian trading session, the price dropped below 1.215, though. Then, at noon, it started rising significantly. The price even went up above 1.225 in the early evening. However, during the last 3 hours of yesterday’s session, it fell a bit. In consequence, the GBPUSD finished the session slightly above 1.224.
During today’s Asian trading session, the price rose above 1.228. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 1.224. But if they do, the price might even reach 1.23 today.
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