The euro and pound move with caution as traders weigh mixed economic signals and shifting policy expectations from the European Central Bank and Federal Reserve, while the yen finds support amid global uncertainty and softer confidence in the dollar. Bitcoin remains volatile, attempting to recover but still pressured by trade tensions and risk sentiment, as investors react quickly to geopolitical headlines. Meanwhile, Gold continues to attract steady demand, supported by concerns over global trade disruptions and economic slowdown, keeping its broader upward tone intact despite signs of short-term hesitation.
🇪🇺/🇺🇸 EUR/USD: Outlook – Euro vs U.S. Dollar
Market Drivers:
- The euro is supported by improving wage growth across the Eurozone, reinforcing the European Central Bank’s cautious stance.
- Comments from Christine Lagarde highlight persistent concern over services inflation, limiting aggressive policy easing.
- U.S. dollar direction remains sensitive to Federal Reserve expectations and speeches from officials like Christopher Waller.
- Trade tensions and geopolitical risks (notably U.S.–Iran developments) continue to cap bullish momentum.
- Mixed sentiment data (like Germany’s business outlook) reflects recovery but not strong optimism.
Market Behavior:
- Price action shows a slow upward grind, but hesitation remains near key resistance zones.
- Buyers are active on dips, suggesting underlying demand, though conviction is not strong.
Key Levels:
- Support: 1.1808, 1.1776, 1.1742, 1.1726
- Resistance: 1.1850, 1.1894, 1.1955
Forecast:
- Bias remains mildly bullish while holding above 1.1808.
- Break above 1.1850 may open stronger upside continuation.
- Failure to hold support may return price to a broader consolidation.
Trading Strategy:
- Avoid chasing moves; focus on pullbacks
- Buy near 1.1808 with confirmation, targeting 1.1850 → 1.1894
- Sell rejection near 1.1850 if momentum fades
🇬🇧/🇺🇸 GBP/USD Outlook – British Pound vs U.S. Dollar
Market Drivers:
- Strong UK data (PMI, retail sales, fiscal surplus) supports the pound fundamentally.
- However, global dollar demand and trade uncertainty continue to weigh on upside.
- Market focus remains on U.S. trade policy and interest rate outlook.
- Lack of fresh catalysts limits strong directional moves.
Market Behavior:
- Consolidation dominates, with price stabilizing above key support.
- Buyers are cautiously stepping in, but momentum remains limited.
Key Levels:
- Support: 1.3510, 1.3483, 1.3426
- Resistance: 1.3558, 1.3582, 1.3606
Forecast:
- Short-term bullish bias above 1.3510.
- Upside likely capped unless new bullish catalysts emerge.
- Range-bound conditions may persist.
Trading Strategy:
- Prefer short-term range trades over trend-following
- Buy near 1.3510, target 1.3558 → 1.3582
- Sell near 1.3558 if price stalls
🇺🇸/🇯🇵 USD/JPY Outlook – U.S. Dollar vs Japanese Yen
CMarket Drivers:
- Renewed global trade tensions and tariff escalation under Donald Trump are boosting demand for the yen.
- Weakening confidence in the U.S. economy adds pressure on the dollar.
- Market sensitivity to Fed tone remains high.
- Lower liquidity conditions have amplified moves.
Market Behavior:
- Yen strength dominates, with price struggling below resistance.
- Sellers remain in control unless a strong dollar catalyst emerges.
Key Levels:
- Support: 153.86, 152.61, 152.17
- Resistance: 154.72, 155.22, 155.64
Forecast:
- Bearish bias while below 154.72.
- Break below 153.86 could accelerate downside.
- Upside limited unless Fed turns more aggressive.
Trading Strategy:
- Buy only after strong reaction at support
- Sell near 154.72 resistance
- Target 153.86 → 152.61
₿ BTC/USD Outlook – Bitcoin
Market Drivers:
- Crypto markets are under pressure due to escalating global trade tensions.
- Risk-off sentiment triggered by tariff policies is pushing capital away from digital assets.
- Broader market uncertainty continues to dominate investor behavior.
Market Behavior:
- Short-term rebound within a broader bearish structure.
- Price struggles to sustain gains near resistance zones.
Key Levels:
- Support: 64,400 – 62,600 – 60,100
- Resistance: 66,400 – 68,900 – 70,600
Forecast:
- Bearish bias below 68,900.
- Recovery rallies likely to face selling pressure.
- Deeper correction possible if macro tensions persist.
Trading Strategy:
- Buy only on strong support reactions
- Sell rallies near 67,500 – 68,900
- Target 64,400 → 62,600 → 60,100
🪙 XAU/USD Outlook – Gold vs U.S. Dollar
Market Drivers:
- Rising geopolitical tensions and trade war fears strongly support gold demand.
- Slower U.S. growth and steady inflation reinforce expectations of stable or easing policy.
- Ongoing U.S.–Iran tensions increase demand for defensive assets.
Market Behavior:
- Strong bullish trend with occasional pullbacks.
- Price holding above key psychological levels signals continued strength.
Key Levels:
- Support: 5130, 5071, 5038, 4960
- Resistance: 5242, 5450
Forecast:
- Bullish bias above 5130.
- Break above 5242 opens path toward 5450.
- Short-term correction possible before continuation.
Trading Strategy:
- Short-term sell setups only if exhaustion appears near highs
- Buy dips near 5130 – 5071
- Target 5242 → 5450
📊 Summary Table: Forex Analysis As of February 24, 2026
| Asset | Trend Bias | Key Support | Key Resistance | Strategy Focus |
|---|---|---|---|---|
| 🇪🇺 EUR/USD | Mild Bullish | 1.1808 | 1.1850 | Buy dips, sell resistance |
| 🇬🇧 GBP/USD | Range / Neutral | 1.3510 | 1.3558 | Range trading |
| 🇯🇵 USD/JPY | Bearish | 153.86 | 154.72 | Sell rallies |
| ₿ BTC/USD | Bearish | 64,400 | 68,900 | Sell rebounds |
| 🪙 XAU/USD | Bullish | 5130 | 5242 | Buy dips |
Categories: Market News
