EURUSD Daily Analysis – February 21, 2020

EURUSD moved sideways in a trading range between 1.0778 and 1.0821. As long as 1.0821 resistance holds, the downside movement from 1.1095 could be expected to continue and next target would be at 1.0700 area. On the upside, a breakout of 1.0821 resistance would suggest that the downside movement had completed at 1.0778 already, then … Continue reading “EURUSD Daily Analysis – February 21, 2020”

GBPUSD Daily Analysis – February 21, 2020

GBPUSD extended its downside movement from 1.3069 to as low as 1.2848, breaking below 1.2871 support. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2800 area. On the upside, a breakout of the channel … Continue reading “GBPUSD Daily Analysis – February 21, 2020”

USDCAD Daily Analysis – February 21, 2020

USDCAD moved sideways in a trading range between 1.3211 and 1.3278. As long as 1.3278 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.3328, another fall towards 1.3180 is possible after the consolidation. On the upside a break of 1.3278 would indicate that the downtrend had … Continue reading “USDCAD Daily Analysis – February 21, 2020”