GBP/USD will likely rise in the coming months. The pair is trying to form a bottom. A reversal is on the way. The inflation number is clearly declining. It should offer some buying opportunities.
EUR/USD plunged sharply to the downside after the inflation rate was reported to be higher than expected. Many people anticipate this move, especially since it is necessary to fill a void. It should be a good time to buy.
EUR/USD could possibly move higher in the coming months. 0.99 continues to offer a strong support for the buyers, where a double bottom is potentially formed.