Yesterday both EURUSD and GBPUSD showed mixed sentiment. Today, both of them are rising, though. From the data front, retail sales in September in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
The EURUSD showed mixed sentiment yesterday. First the price rose and tested the R1 resistance level, but then it dropped and finished the day a little below 1.16, exactly at the same level as when it began the session. Today the price is rising, though. If the buyers continue generating firm demand, the price might go up above the R1 today. But if the bears counterattack, the price could even fall to the S1 support level and the EMA 200.
GBPUSD
The GBPUSD also showed mixed sentiment yesterday. First the price rose high above 1.37, then it dropped and finished the session a little above the EMA 77 and 1.367. However, it is rising strongly today. If the buyers continue generating firm demand, the price might reach 1.375 today. But if the bears counterattack, the price could fall to the EMA 77.
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