Yesterday the EURUSD managed to rise, but the GBPUSD dropped a bit. However, both currency pairs are rising strongly today. From the data front, building permits in September in the US will be published. Anyway, let’s move on to the analysis:
EURUSD
Yesterday the EURUSD rose a bit. The price finished the session at 1.161. Today the EURUSD is even stronger. The price is already above the R2 resistance level. If the buyers continue generating firm demand, the price might even reach 1.168 today. But if the bears counterattack, the price could drop below the R1.
GBPUSD
The GBPUSD dropped a bit yesterday. The price finished the session at the EMA 77. However, it is rising strongly today. If the buyers continue generating firm demand, the price might rise above 1.38 today. But if the bears counterattack, the price could once again fall to the EMA 77.
