Yesterday both EURUSD and GBPUSD showed mixed sentiment. However, they are going down today. From the data front, the CPI and core CPI in October in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD showed mixed sentiment yesterday. First the price rose and tested the R1 resistance level and 1.16. Then it dropped to the Pivot Point. After that, it went up once again and finished the session slightly above 1.359. However, the price is falling today. It’s already below the S1 support level. If the buyers don’t generate some serious appetite soon, the price could fall to the S2. But if they do, the price might rise above the Pivot Point.
The GBPUSD also showed mixed sentiment yesterday. The price finished the session slightly below 1.356. However, it is going down today today. If the buyers don’t generate some serious appetite, the price could drop below 1.35. But if they do, the price might return above the EMA 77.