Yesterday both EURUSD and GBPUSD went down. Today the EURUSD is rising and the GBPUSD is showing mixed sentiment. From the data front, the JOLTs job openings in the US in October will be published. Anyway, let’s move on to the analysis:
Yesterday was a really volatile session. First the EURUSD went down below the S2 support level. Then, in the afternoon, the price managed to rise. In consequence it finished the session a little above the S1. Today, it is still going up. Right now the bulls are attacking the EMA 200. If they do it successfully, the price might rise above 1.13 and the R1 resistance level today. But if they fail, the price could drop to the Pivot Point.
The GBPUSD dropped a bit yesterday. The price finished the session below 1.324. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 77 today. But if the bears show their strength, the price could even fall to 1.32.