Market Analysis 26 February 2025
EUR/USD
EUR/USD consolidated higher on Tuesday, reaching above the previous resistance level. Currently, EUR/USD is trading at 1.0511.
At the time of writing, the four-hour Stochastic indicator is moving higher towards the overbought area, and the price is moving above the 20-period moving average. We expect EUR/USD to move higher and potentially reach the resistance level at 1.0566.
Resistance: 1.0566; 1.0605
Support: 1.0452; 1.0410
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XAU/USD
XAU/USD moved lower on Tuesday, reaching below the previous support levels. Currently, XAU/USD is trading at 2914.55.
At the time of writing, the four-hour Stochastic indicator is trying to cross higher near the oversold area, and the price is moving below the 20-period moving average. We expect XAU/USD to move higher and potentially reach the resistance level at 2924.88.
Resistance: 2924.88; 2942.27
Support: 2902.85; 2882.67
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GBP/USD
GBP/USD consolidated higher on Tuesday, reaching the previous resistance level. Currently, GBP/USD is trading at 1.2661.
At the time of writing, the four-hour Stochastic indicator is moving higher towards the overbought area, and the price is moving above the 20-period moving average. We expect GBP/USD to move higher and potentially reach the resistance level at 1.2686.
Resistance: 1.2686; 1.2738
Support: 1.2623; 1.2572
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SPX/USD
SPX/USD moved lower on Tuesday, reaching below the previous support levels. Currently, SPX/USD is trading at 5964.40.
At the time of writing, the four-hour Stochastic indicator is moving higher around the oversold area, and the price is moving below the 20-period moving average. We expect SPX/USD to move higher and potentially reach the resistance level at 5998.76.
Resistance: 5998.76; 6046.04
Support: 5928.81; 5883.64
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USO/USD (WTI Crude Oil)
USO/USD moved lower on Tuesday, reaching below the previous support level. Currently, USO/USD is trading at 69.00.
At the time of writing, the four-hour Stochastic indicator is moving lower towards the oversold area, and the price is moving below the 20-period moving average. We expect USO/USD to move lower and potentially reach the support level at 68.52.
Resistance: 70.13; 71.09
Support: 68.52; 67.69
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Key events for today and tomorrow (GMT+8):
Date
Time
Currency
Events
Forecast
Previous
26 Feb
08:30
AUD
CPI y/y
2.6%
2.5%
27 Feb
21:30
USD
Prelim GDP q/q
2.3%
2.3%
21:30
USD
Unemployment Claims
220K
219K