In EURUSD, as predicted in last week's analysis, price has finally broken the zone and is testing the newly turned support level. Traders should be cautious to see if this zone holds or not. If we see support from this zone (1.04770 and 1.04630), then we can have eyes on the 1.05770 and 1.06540 levels as our bullish targets, but if we witness a fake breakout and price comes below this zone once more, then the price can start to decrease toward 1.03180 and 1.01970.
In EURGBP, we are witnessing a consolidation in our support zone and price is still in the same area; we must wait and see price reaction to our support zone 0.83210, and then we can wait for our stronger supports like the 0.82236 But we have two price targets if we see strong bullish continuation in price; these are 0.85450 and 0.86220.
In XAUUSD as predicted in last week's analysis, the price is ranging between our zone and the price is now below 2920 zone , but if we witness a candle close below 2860 in 4H, then we might accept the current situation as a double top pattern and the start of a retracement. Then the price can aim toward 2800 as well as 2758 and lower targets, but if we see support from these zones, then the price can go for a new high at 2973-2977 and 2996-2998.
As mentioned in Wednesday's analysis of the S&P500, we are in a bullish uptrend, but there is a critical zone for the price before reaching the previous ATH, which was 6097 to 6107, and now the price is above this zone, and we might have seen a pullback and testing this zone as well, so a new all-time high for SPX is as close as it can be, so we should wait and see if the price goes toward our target at 6215-6237. But if this proves to be a fake breakout and the price is trying to form a double top pattern, then we could expect the price movement toward our support at 5840 and 5668 zones.
