On Friday both EURUSD and GBPUSD dropped significantly. Today, both currency pairs are rising, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
The EURUSD dropped heavily on Friday. The price finished the last session of the week slightly below the S2 support level and 1.055. Today, it is rising slowly, though. If the buyers continue generating sufficient demand, the price might go up above the Pivot Point and reach 1.058 today. But if the bears counterattack, the price could fall to 1.053.
GBPUSD
The GBPUSD also dropped significantly on Friday. The price finished the last session of the week a little above 1.194. However, it is rising today. If the buyers continue generating firm demand, the price might even reach 1.20 today. But if the bears counterattack, the price could fall below 1.194.
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