Daily Technical analysis for February 22, 2021
EURUSD
The euro is moving against the US dollar in an upward direction on the hourly interval, where the pair is targeting the 1.2180 price during the coming hours.
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, and it is possible that the pair will continue the corrective decline until the level of 105.00 before rising again.
Resistance 106.50 – 107.00 – 108.00
Support: 103.50 – 102.00 – 101.00
Trend: Bullish

Gold
Gold is moving in a volatile direction on the hourly interval. The price is at a strong support level represented by the lower boundary of the descending classical channel, so we expect a corrective upside move for gold.
Resistance: 1860 – 1900 – 2000
Support: 1750 – 1700 – 1600
Trend: Bearish

Oil
Oil (Brent crude) is moving in a downward direction on the hourly interval. The price broke the classic bullish channel, and it is likely to fall within the coming hours.
Resistance: 65.00 – 66.00 – 67.00
Support: 56.00 – 57.00 – 58.00
Trend: Bearish

Source: Technical analysis
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