25th February 2022 Technical Analysis

EURUSD

EURUSD fell on Thursday, and the technical bias is bearish due to lower lows in the recent downtrend.

The pair is currently trading near 1.11967，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1:1.12200

Resistance level 2: 1.12500

Resistance level 3: 1.12860

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

Support level 1: 1.11600

Support level 2: 1.11350

Support level 3: 1.11100

Today (February 25) Germany will release GDP growth data for the fourth quarter of 2021. Higher data indicates  favorable to the euro, so it is bullish 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 sell the EURUSD currency pair near the current level.

GBPUSD

GBPUSD fell on Thursday with a bearish technical bias as it made lower lows during the recent downtrend.

The pair is currently trading near 1.33774，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.34000

Resistance level 2: 1.34350

Resistance level 3: 1.34850

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

Support level 1: 1.33550

Support level 2: 1.33150

Support level 3: 1.32700

In terms of data, today (February 25) the United States will announce the PCE price index data for January. Higher data indicates that it is good for the US dollar, so it is negative for the pound and US 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.