Yesterday the EURUSD dropped heavily, but the GBPUSD showed mixed sentiment. Today both currency pairs are rising, though. From the data front, the CPI and core CPI in September in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD dropped deeply yesterday. The price finished the session significantly below the S1 support level, at 1.153. However, it is rising today. If the buyers continue generating firm demand, the price might rise high above the R1 resistance level and the EMA 200. But if the bears counterattack, the price could go down below the Pivot Point.
GBPUSD
Yesterday the GBPUSD showed mixed sentiment. The price finished the session slightly below 1.359. Today, it is rising strongly, though. If the buyers continue generating firm demand, the price might reach 1.365 today. But if the bears counterattack, the price could drop below the EMA 77.
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