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22feb22

EURUSD- 22Feb2022EURUSD- 22Feb2022 On the daily, price tried to bounce but closed with a tombstone candle below the 20 & 50MAs after German Manufacturing PMI missed forecast but Services PMI beats estimates yesterday. EURUSD is currently still above the descending trendline. On the H4, price faced bearish pressure from the ascending trendline and resistance at 1.1390 yesterday. Price action is mixed with no directional bias but price is expected to hold above 1st Support at 1.1260. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
USDINR - 22Feb2022USDINR - 22Feb2022 On the daily, price found support near 200MA after dropping and confirming below 20EMA & 50MA. The price could rebound to test 1st resistance at 74.880. On the H4, price have retested and close above 23.6% Fib retracement before facing bearish pressure and closing back near the previous day lows of 74.50. As daily is on support, we could potentially expect price to bounce back to retest H4 1st resistance at 74.8850 This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
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