Yesterday the EURUSD dropped one more time and the GBPUSD showed mixed sentiment. Today the EURUSD is showing mixed sentiment and the GBPUSD is rising. From the data front, the CPI in the Eurozone in October and building permits in the US also in October will be published. Anyway, let’s start the analysis:
Yesterday the EURUSD dropped once again. The price finished the session below the S1 support level. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the R1 resistance level. But if the bears show their strength once agai, the price could fall below the S1.
Yesterday the GBPUSD showed mixed sentiment. The price finished the session slightly below the EMA 77. Today it is rising, though. If the buyers continue generating firm demand, the price might go up above 1.348 today. But if the bears counterattack, the price could return below the EMA 77.