In EURUSD, the situation has not changed since Monday’s analysis; the price is still trading between 1.16920-1.16460 and 1.18420. If 1.16920-1.16460 acts as support, the price could start to move toward its bullish targets at 1.18420-1.18710, 1.19230, and 1.20040. But if this zone fails to support the price, then it could decrease and return to test the 1.15310-1.14550 zone before moving toward its bullish targets at 1.18420 and 1.20040. But if it also fails to support the price and a close below 1.14450 occurs, it could then decrease toward the 1.13540-1.13750 zone.
In WTI, as precisely mentioned in Monday’s analysis, the price received support from the 64.690 zone and moved toward our targets at 65.970 and 68.630. Now the price might return to test the 65.970-65.710 zone for support before further increasing toward 68.360, 70.690 and 72.200. But if it fails to support the price and the 64.690 or 63.900 zones also fail to stop the price and it provides a close below 63.400, it could decrease further toward 62.770-62.300 and 59.200-58.840.
In XAUUSD, as precisely mentioned in Monday’s analysis, the 3345-3334 zone acted as resistance once more and has sent the price lower toward our target at 3289. Now if the 3289 zone acts as support and price continues to increase and break above 3358, it could reach our targets at 3368, 3384, 3398-3407, and 3429. But if the 3289 zone fails to support the price, then it could decrease further toward the 3247, 3224-3213, and 3182-3173 zones.
In the S&P 500, as mentioned in Monday’s analysis, the price is still testing to receive support from the 6214-6227 zone to continue to move toward our bullish targets at 6300 and 6335. But if the tariff war continues and the 6214-6227 fails to support the price, then it could decrease further to receive support from either of the 6177, 6132-6119, and 6063. But if these zones also fail to support the price and it provides a close below 5975, then it could decrease toward the 5896-5875, 5815-5788, and 5690-5672 zones.
