Yesterday was a really volatile session. In the end both EURUSD and GBPUSD rose strongly. Today the GBPUSD is going up even more, but the EURUSD is falling. From the data front, the GDP in the US in Q2 will be published. Anyway, let’s move on to the analysis:
The EURUSD rose significantly yesterday. The price finished the session exactly at 1.02. Today, it is going down a bit, though. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and reach 1.016. But if they do, the price might rise above 1.022 today.
The GBPUSD rose strongly yesterday. The price finished the session above 1.215. Today it is going up even more. If the buyers continue generating firm demand, the price might even rise above 1.219 today. But if the bears counterattack, the price could drop below 1.213.