In EURUSD, as mentioned in Monday’s analysis, the price was unable to receive support from the 1.16920-1.16460 and it has decreased toward our target at 1.16160. Now if this zone or the 1.15310-1.14550 acts as a support, the price could start to move toward its bullish targets at 1.16920, 1.18420-1.18710, 1.19230 and 1.20040. But if these zones fail to support the price and it provides a close below 1.14450, it could then decrease toward the 1.13540-1.13750 zone.
Â
Â
In WTI, as precisely mentioned in Monday’s analysis, the price failed to provide a close above 68.100 and has returned to 65.970-65.710. Now if this zone acts as support once more, then it could start to increase further toward 68.360, 70.690 and 72.200. But if the 65.970-65.710 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.
Â
Â
In XAUUSD, as precisely mentioned in Monday’s analysis, the price was unable to provide a close above the 3374 and the 3368 zone acted as resistance and pushed the price lower toward our targets at 3345-3335. Now the price is testing the 3345-3335 zone, and if it faces a resistance, then it could start to decrease further toward the 3320, 3289, 3247, 3224-3213, and 3182-3173 zones. But if the price receives support and starts to increase and provides a close above 3375, then it could reach our targets at 3384, 3398-3407, 3429, and 3448.
Â
Â
In the S&P 500, as precisely mentioned in Monday’s analysis, the price is still trading in a range between the 6285–6300 and 6214-6227 zones and since Monday it has moved toward our target at 6300 and faced a resistance and returned to the 6214–6227 zone. Now if the 6214-6227 fails to support the price, then it could decrease further toward our targets at 6177, 6132-6119, 6063, and 5973. But if it receives support and continues to increase and breaks above the 6300 zone, then it could reach our targets at the 6326-6335 and 6361 zones.
