Yesterday both EURUSD and GBPUSD went down. Today both Forex pairs are rising, though. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD dropped significantly yesterday. The price finished the session below the S1 support level, exactly at 0.96. Today, it is rising, though. If the buyers continue generating firm demand, the price might go up high above the R1 resistance level and reach 0.972. But if the bears counterattack, the price could fall below the Pivot Point and 0.96.

EURUSD

GBPUSD

The GBPUSD also went down yesterday. The price finished the session slightly above 1.067. Today, it is rising, though. The price is already above 1.08 and the EMA 77. If the buyers continue generating firm demand, the price might even reach 1.09 today. But if the bears counterattack, the price could drop to 1.07.

GBPUSD