In EURUSD, the situation is still the same as Monday’s analysis; the price is still trading between our zones at 1.12750-1.12900 and 1.13550-1.13800. Initially, it should exit from either side of this range to start its movement. If the price exits from above our zone at 1.13540-1.13790, it can continue its bullish momentum toward our targets at 1.14950 and 1.16700-1.16920 zones. The price might come back to test the 1.11670 zone but if we see a price close below this zone it can retrace more toward the 1.10060 and 1.09370 and also the 1.0800 zone.
In WTI, as mentioned in Monday’s analysis. The price is still trading between the 62.300-62.770 and 58.680-58.170 zones; if we see a strong close above the 63.600 zone, it can continue to move toward 65.700 and 68.390. But if the price continues its daily bearish trend, then it can move toward 54.630 once more and after that continue to move toward 52.020.
In XAUUSD, as mentioned in Monday’s analysis , the price continued its bullish momentum and if we see a strong close above 3289, then it could move toward our targets at the 3306-3311 and 3408 zones. But if the price starts to retrace some of its strong bullish momentum, then it can move toward 3196, 3182-3173, 3151-3145, and further toward 3110-3094. And if we see a strong close below the 3094 zone, then it can continue to decrease toward the 3077, 3054, and 2995 zones.
In the S&P 500, as mentioned in Monday’s analysis, the price still hasn’t provided a strong close above 5500 and is trading in a range from 5270-5230 to 5415-5385. If we see a strong close above 5500, the price might continue to move toward 5540, 5705-5720, and 5810-5840. But if the price decreases and exits from the bottom of this range, it can move toward the 5010-4947 zone or the 4880-4851 zone once more. But if these zones fail to support the price, then it can decrease further toward the 4710-4680 and 4575-4535 zones.
