Yesterday both EURUSD and GBPUSD went down. Today they are showing mixed sentiment and the volatility is rather low. From the data front, many important publications will be released today, such as services PMI and composite PMI in October in the UK and the ADP nonfarm employment change and ISM non-manufacturing PMI in October in the US. Anyway, let’s start the analysis:
Yesterday the EURUSD dropped a bit. The price finished the session slightly below the Pivot Point. The volatility was rather low, though.Today, still nothing really happened. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might rise above the EMA 200, the R1 resistance level and 1.16. But if they fail, the price could fall below the S2 support level.
The GBPUSD went down yesterday. The price finished the session slightly above 1.361. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might rise above the EMA 77 and reach 1.366. But if the bears show their strength once again, the price could fall below 1.36.