21^st　 February 2022 Technical Analysis

GBPUSD

GBPUSD fell on Friday, and the technical bias is bullish due to higher lows in a recent upside volatile trend.

The pair is currently trading near 1.35944，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.36020

Resistance level 2: 1.36180

Resistance level 3: 1.36300

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.35850

Support level 2: 1.35750

Support level 3: 1.35650

On Tuesday (February 22), the United States will release the data of the Markit manufacturing PMI for February. Higher data indicates favourable to the 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 buy the GBPUSD currency pair near the current level.

EURUSD

EURUSD fell on Friday, with technical bias bearish as higher highs were made during the recent downtrend.

The pair is currently trading near 1.13179，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.13350

Resistance level 2: 1.13550

Resistance level 3: 1.13750

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.13000

Support level 2: 1.12850

Support level 3: 1.12650

Today (February 21) the euro zone will release the Markit composite PMI data for February. Higher data indicates that it is favorable for the euro, so it is bullish for the European and American currency pairs, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the EURUSD currency pair near the current level.