Yesterday, the EURUSD dropped a bit and the GBPUSD rose strongly. Today, both Forex pairs are showing mixed sentiment. From the data front, the JOLTs job openings in March will be published in the US. Anyway, let’s move on to the analysis.

EURUSD

The EURUSD dropped a bit yesterday. The price finished the session at the Pivot Point. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength today, like they did last week, the price might even reach the R1 resistance level. But if the bears take control over the market, the price could fall near the S2 support level.

EURUSD - 11.05.2021

GBPUSD

The GBPUSD rose strongly yesterday. The price finished the session above 1.41. Today, it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might rise above 1.415. But if the bears take control over the market, the price could drop to the EMA 77.

GBPUSD - 11.05.2021