Yesterday both EURUSD and GBPUSD went down. Today, both currency pairs are showing mixed sentiment. From the data front, the PPI in November in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD dropped significantly yesterday. The price finished the session a little above the S1 support level and 1.128.Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 200 and 1.13. But if the bears show their strength once again, the price could fall below 1.126.
GBPUSD
Yesterday the GBPUSD dropped significantly. The price finished the session below 1.321. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 77 and 1.323. But if the bears show their strength once again, the price could fall below 1.318.
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