In EURUSD, as precisely mentioned in Wednesday’s analysis, the price broke above 1.16160 and continued to reach our bullish targets at 1.16530-1.16920. Now if this zone acts as resistance, then it could start to decrease toward 1.15310 and if it breaks below this zone, then it could decrease toward our targets at the 1.14550 and 1.13540-1.13750 zones. But if the price continues its bullish momentum and provides a close above 1.17100, then it could continue to move toward our targets at 1.17455, 1.18420–1.18710, 1.19230 and even 1.20040.
In WTI, as mentioned in Wednesday's analysis, the 64.690 zone failed to support the price and it has moved toward our targets at 63.900 and 62.770-62.300. Now if this zone acts as support, then it could continue to increase toward 64.690, 65.970-65.710 and 69.100 and if it provides a close above the 70.000, then it could continue to move toward the 70.690 and 72.200. But if the 62.300-62.770 fails to support, then it could decrease further toward 59.200-58.840 and 57.800-58.100.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, the price broke above 3383 with a close above 3391, then continued to increase and reached our target at 3398-3407. Now this zone has acted as a resistance and tried to push the price lower; if it provides a close below 3348, then it could return to test the 3314-3305 or 3289 for support. But if these zones fail to support, then it could decrease further to 3247, 3213-3224, and 3173-3182. But if the price breaks above the 3398-3407 zone, it may increase further toward 3429, 3448, 3490-3500, and 3580.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, the price broke above 6350 and continued to move toward 6361-6364. Now the price is trying to reach 6418, and if it provides a close above 6438, then it could continue to move toward 6456-6475, 6504-6519, and 6598. But if the 6418 level acts as resistance, then it could decrease further toward our targets at 6335-6326 and 6300 to receive support from them, and if they fail to do so, then it could decrease further toward 6227-6214, 6177, and 6132-6119.
