Yesterday both EURUSD and GBPUSD managed to rise. Today both Forex 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 a bit yesterday. The price finished the session a little below 0.982. Today it is going up even more. The price is already above the R1 resistance level. If the buyers continue generating firm demand, the price might rise above today’s R2 and 0.99. But if the bears counterattack, the price could return below today’s R1 and 0.984.

EURUSD

GBPUSD

The GBPUSD also managed to rise yesterday. The price finished the session slightly below 1.132. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 1.145 today. But if the bears counterattack, the price could drop to 1.131.

GBPUSD