Yesterday both EURUSD and GBPUSD showed mixed sentiment. Today, both currency pairs are rising, though. From the data front, the CPI in August in the US will be published. Anyway, let’s move on to the analysis:
The EURUSD showed mixed sentiment yesterday. First the price dropped below the S2 support level, but in the afternoon it rose strongly and finished the session slightly above 1.18. Today, the price is rising, though. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might even reach the R2 today. But if they fail, the price could fall to 1.18.
The GBPUSD showed mixed sentiment yesterday and the volatility was rather low. The price finished the session slightly above the EMA 77. However, it is rising strongly today. If the buyers continue generating firm demand, the price might even reach 1.39 today. But if the bears counterattack, the price could drop to the EMA 77.