Yesterday both EURUSD and GBPUSD managed to rise. The GBPUSD even finished the session above 1.382. However, both currency pairs are going down today. From the data front, some important publications will be published in the US, such as the Philadelphia Fed manufacturing index in October and existing home sales in September. Anyway, let’s start the analysis:
EURUSD
The EURUSD rose a bit yesterday. The price finished the session a little below 1.165. However, it is going down a bit today. Right now the bulls are trying to defend the Pivot Point. If they do it successfully, the price might rise to the R1 resistance level. But if they fail, the price could drop below the EMA 200 and the S1 support level.
GBPUSD
The GBPUSD also managed to rise yesterday. The price finished the session above 1.382. However, it is going down today. Right now the bulls are trying to defend the EMA 77. If they do it successfully, the price might even reach 1.385 today. But if they fail, the price could even drop to 1.374.
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