Daily Technical analysis for February 10, 2021
EURUSD
The euro is moving against the US dollar in an upward direction on the hourly interval. The price has breached the descending trend line and is likely to rise to the level of 1.2200.
Resistance levels: 1.2200 – 1.2300 – 1.2400
Support levels: 1.1900 – 1.1800 – 1.1700
Trend: Bullish

GBPUSD
The GBPUSD pair is moving in an upward direction on the hourly interval. It is likely that it will target 1.3900 price.
Resistance: 1.3900 – 1.4000 – 1.4100
Support: 1.3500 – 1.3600 – 1.3700
Direction: Bullish

USDJPY
The USDJPY pair is moving in an upward direction on the hourly interval. The price is close to the support level of 104.40, it is preferable to buy from these levels.
Resistance 105.00 – 106.00 – 107.00
Support: 103.50 – 102.00 – 101.00
Trend: Bullish

Gold
Gold is moving in a volatile direction on the hourly interval. The price touches the descending trend line, and it is likely to drop to the 1800 price level.
Resistance: 1860 – 1900 – 2000
Support: 1750 – 1700 – 1600
Trend: Bearish

Oil
Oil (Brent crude) is moving in a volatile direction on the hourly interval. It is preferable to wait for oil to correct until the price level of $57.00 per barrel to buy.
Resistance: 62.00 – 63.00 – 64.00
Support: 56.00 – 57.00 – 58.00
Trend: Bullish

Source: Technical analysis
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