On Friday both EURUSD and GBPUSD managed to rise. Today Today both currency pairs are going up even more. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD managed to rise on Friday. The price finished the last session of the week above 1.055. Today it is going up even more. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might even reach 1.06 today. But if they fail, the price could return below 1.056.
The GBPUSD also managed to rise on Friday. The price finished the last session of the week above 1.228. Today it is going up even more. The price is already above 1.231. If the buyers continue generating firm demand, the price might rech 1.234 today. But if the bears counterattack, the price could return below 1.23.