Market Outlook – EURUSD and GBPUSD

Yesterday both EURUSD and GBPUSD managed to rise. Today both currency pairs are going up even more. What can they do next? Let’s try to answer that question in an analysis:

EURUSD

The EURUSD managed to rise yesterday. The price finished the session slightly below 1.08. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above the R2 resistance level and reach 1.086. But if the bears counterattack, the price could return below 1.08.

GBPUSD

The GBPUSD also rose significantly yesterday. The price finished the session slightly below 1.229. Today it is going up even more. If the buyers continue generating firm demand, the price might reach 1.234 today. But if the bears counterattack, the price could return below 1.23.

Trader2023-03-28T12:02:51+01:00

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Market Outlook – EURUSD and GBPUSD