In EURUSD, as mentioned in Monday’s analysis, the price finally broke below 1.16920 and is moving toward our targets of 1.16160 and 1.15310. Now if this zone supports the price, it could start to increase and reach our targets at 1.17300, 1.18420-1.18710, 1.19230, or possibly 1.20040. However, if the 1.16160 or 1.15310 level does not support the price, it could decrease toward our targets at the 1.14550 and 1.13540-1.13750 zones.
In WTI, as mentioned in Monday's analysis, the price is still trying to receive support from 61.400-60.990. Now, if this zone acts as support, it may continue to increase toward the 64.690 level and if it provides a close above 66.190, it could continue to move toward the ranges of 67.790-67.980 and 69.100. However, if the 61.400-60.990 zones fail to support the price, then it could decrease further toward the ranges of 59.200-58.840 and 58.100-57.800.
In XAUUSD, as precisely mentioned in Monday’s analysis, the price continued to increase, and after providing a close above 3946, it reached our targets at 3976-3984, 4017, and 4040. Now if the price continues to increase and provide a close above 4053, then it could continue to move toward the 4076, 4098, and 4149 zones. But if the 4040-4053 zone acts as resistance, then it could start to retrace some of its movements toward 4017-4013, 3984-3976, 3925, 3905-3898, 3880-3888, 3821, 3806, 3780, 3743-3734, 3716, 3701, and 3694-3690.
In the S&P 500, as precisely mentioned in Monday’s analysis, the price has faced resistance from the 6750 level and started to decrease toward the 6720-6727 and 6698 zones. Now if it breaks below the 6698 zone, then it could continue to decrease toward 6675-6665, 6636-6625, 6598, and 6573-6564. But if it breaks above the 6755 level, then it could continue to reach our next targets at the 6788-6803, 6830-6837, and 6880 zones.
