Yesterday the EURUSD dropped heavily, but the GBPUSD showed mixed sentiment. The EURUSD finished the session below 1.137. Today the GBPUSD is rising and the EURUSD is showing mixed sentiment. From the data front, retail sales in October in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD dropped heavily yesterday. The price finished the session significantly below the S3 support level, slightly below 1.137. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might rise above the Pivot Point and 1.14. But if the bears show their strength once again, the price could fall below 1.134.
The GBPUSD showed mixed sentiment yesterday. The price finished the session a little below the EMA 77 and 1.341. However, it is rising strongly today. If the buyers continue generating firm demand, the price might go up above 1.35 today. But if the bears counterattack, the price could drop to the EMA 77.