Yesterday the EURUSD dropped and finished the session below 1.16. On the other hand, the GBPUSD showed mixed sentiment. Today the EURUSD is rising and the GBPUSD is still showing mixed sentiment. From the data front, core durable goods orders in September in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD dropped a bit yesterday. The price finished the session below 1.16. However, it is rising today. If the buyers continue generating firm demand, the price might go up high above the R1 resistance level and the EMA 200. But if the bears counterattack, the price could return below the Pivot Point and 1.16.
The GBPUSD showed some high volatility yesterday. First the price rose high above 1.38. Then it dropped heavily and finished the session below the EMA 77, slightly above 1.376. Today the price is still showing mixed sentiment, but the volatility is lower. If the buyers take control over the market, the price might return above the EMA 77. But if the bears show their strength, the price could fall below 1.375.