Daily Technical analysis for February 16, 2021
EURUSD
The euro is moving against the US dollar in an upward direction on the hourly interval, where the price targets 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 possible that the pair will fall to the level of 1.3800 before rising again.
Resistance: 1.4000 – 1.4100 – 1.4200
Support: 1.3600 – 1.3700 – 1.3800
Direction: Bullish

USDJPY
The USDJPY pair is moving in an upward direction on the hourly interval. the price is close to the resistance level of 105.60, and we are awaiting a breach to buy.
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. It is likely that it will target the 1800 price level during the coming hours.
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 $60.00 per barrel to buy.
Resistance: 65.00 – 66.00 – 67.00
Support: 56.00 – 57.00 – 58.00
Trend: Bullish

Source: Technical analysis
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