![](https://decodecapital.com.au/wp-content/uploads/2021/11/Brenna-TA-EN.png)
2nd December 2021 Technical Analysis
EURUSD
EURUSD fell slightly on Wednesday, and the technical bias is bullish due to higher lows in the recent uptrend.
![](https://decodecapital.com.au/wp-content/uploads/2021/12/Picture1-1.png)
The pair is currently trading near 1.13188,and multiple resistance levels can be seen above which may prevent the price from rising further.
Resistance level 1: 1.13250
Resistance level 2: 1.13400
Resistance level 3: 1.13600
Below the price, multiple support levels can be seen which may prevent the price from falling.
Support level 1: 1.13100
Support level 2: 1.12950
Support level 3: 1.12800
Today, the Eurozone will announce the unemployment rate data for October. Higher data indicate unfavourable to the euro, so it is negative for the EURUSD currency pairs, and vice versa.
Looking at the current price trend and economic development, it may be a good trading choice to buy the EURUSD currency pair near the current level.
GBPUSD
GBPUSD fell on Wednesday, and the technical bias is bearish due to lower lows in the recent downtrend.
![](https://decodecapital.com.au/wp-content/uploads/2021/12/Picture2-1.png)
The pair is currently trading near 1.32779,and multiple resistance levels can be seen above which may prevent the price from rising further.
Resistance level 1: 1.32950
Resistance level 2: 1.33100
Resistance level 3: 1.33350
Below the price, multiple support levels can be seen which may prevent the price from falling.
Support level 1: 1.32520
Support level 2: 1.32320
Support level 3: 1.32100
On Friday, the United States will announce the data of the non-agricultural employment report for November. Higher data indicate favourable to the US dollar, so it is negative for the GBPUSD currency pair, and vice versa.
Looking at the current price trend and economic development, it may be a good trading choice to sell the GBPUSD currency pair near the current level.