Yesterday the EURUSD slightly went down, but the GBPUSD managed to rise a bit. Today the EURUSD is showing mixed sentiment, but the GBPUSD is falling slowly. From the data front, there will be many important publications today, such as the manufacturing PMI in September in the Eurozone, UK and the US. In the Eurozone, the CPI in September will also be released. Anyway, let’s start the analysis:
The EURUSD dropped a bit yesterday. The price finished the session at 1.158. Today the price is showing mixed sentiment. Right now it’s at the Pivot Point. If the buyers take control over the market, the price might rise above the R1 resistance level today. But if the bears counterattack, the price could fall to the S1 support level.
Yesterday the GBPUSD rose a bit. The price finished the session at the EMA 77. Today it is slightly going down, though. If the buyers don’t generate some serious appetite, the price could drop below 1.34 today. But if they do, the price might even reach 1.35.