Yesterday, both EURUSD and GBPUSD managed to go up. Moreover, the volatility was increased. During today’s Asian trading session, both Forex pairs dropped, but this morning they started rising significantly. From the data front, the ZEW economic sentiment in April will be published in the Eurozone and CPI and core CPI in March will be released in the US. Anyway, let’s start the analysis:

EURUSD

The EURUSD showed increased volatility yesterday. First the price dropped to the S1 support level. Then, it went up significantly and finished the session high above the Pivot Point. During today’s Asian trading session, the price went down to the S1 once again. However, this morning it started rising strongly. If the buyers continue generating firm demand, the price might rise to 1.195 today. But if the bears counterattack, the price could return to the S1.

EURUSD - 13.04.2021

GBPUSD

The GBPUSD also showed increased volatility. First the price dropped below 1.37. Then it managed to go up and finished the day above the EMA 77. During today’s Asian trading session, the price dropped a bit, but this morning it started rising. If the buyers continue generating firm demand, the price might even reach 1.38 today. But if the bears counterattack, the price could fall to the EMA 77

GBPUSD - 13.04.2021