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21feb22

EURUSD- 21Feb2022EURUSD- 21Feb2022 After the last 2 weeks of selling, EURUSD found support from the descending trendline last Friday. It has been bouncing higher today. If EURUSD can bounce higher these 2 days, we could expect it to bounce higher to 1st Resistance at 1.14990. On the H4, price is facing bearish pressure from the 50MA and trendline resistance. If EURUSD can bounce above these resistance on the H4, we could expect it to bounce higher to daily resistance at 1.14990. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
GBPUSD- 21Feb2022GBPUSD- 21Feb2022 On the daily, price is bouncing higher after last Friday's price action lower. It is definitely looking to bounce higher and retest the 200MA at 1.36830 in the near future. On the H4, price rebounded back above the descending trendline after price action failed to close below. In accordance with the daily time frame, we could expect GBPUSD to bounce higher to 1st Resistance at 1.36645. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS