Yesterday the EURUSD showed mixed sentiment, but the GBPUSD dropped a bit. Today, both EURUSD and GBPUSD are rising strongly, though. From the data front, the CPI in the Eurozone in November, and the CB consumer confidence in the US also in November will be published. Anyway, let’s move on to the analysis:
The EURUSD showed mixed sentiment yesterday. The price finished the session slightly above the Pivot Point, a little below 1.13. However, it is rising strongly today. The price is already high above the R2 resistance level. If the buyers continue generating firm demand, the price might reach 1.136 today. But if the bears counterattack, the price could drop below the R1.
The GBPUSD dropped a bit yesterday. The price finished the session below the EMA 77 and slightly above 1.33. However, it is rising strongly today. Right now the price is above 1.334. If the buyers continue generating firm demand, the price might reach 1.338 today. But if the bears counterattack, the price could fall to the EMA 77.