Yesterday the EURUSD showed mixed sentiment and the GBPUSD dropped a bit. Today, the EURUSD is slightly going down and the GBPUSD is showing mixed sentiment. From the data front, there will be many important publications in the US today, such as core durable goods order in October, new home sales in October and GDP in Q3. Anyway, let’s start the analysis:
The EURUSD showed mixed sentiment yesterday. First the price rose significantly above the Pivot Point, then it dropped in the afternoon and finished the session slightly below that level. However, the price is slightly going down today. If the buyers don’t generate some serious appetite soon, the price could fall below the S1 support level. But if they do, the price might rise to the R1 resistance level.
Yesterday the GBPUSD dropped a bit. The price finished the session slightly below 1.338. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above 1.34 today. But if the bears show their strength, the price could fall below 1.334.