In EURUSD, the situation has remained unchanged from Monday’s analysis; the price is still testing the 1.14950–1.15310 zone to receive support and move toward the 1.16460–1.16920 and 1.18420 zones. However, if the 1.14950–1.15310 zone fails to support the price, it could decrease toward the 1.13540–1.13750 zone; additionally, the price may break below this zone and move toward the 1.12890 and 1.11670 zones. If it closes below 1.11300, it could decrease further toward the 1.10060, 1.09370, and even the 1.0800 zones.
In WTI, as precisely mentioned in Monday’s analysis, the price provided a close below 69.300 and reached our target at 68.280, then it received support from this zone and started to continue its bullish trend to reach our targets at 70.500-70.800 and 72.200-72.490. Now everything depends on the geo-political conflicts and if the price continues its upward trend, then it could move toward the 74.000-74.300, 76.770-77.110, 79.350, 81.900-82.200 and 84.370-84.650 zones. But if the price forms a close below 67.700, it could start to decrease further toward 65.970-65.710 and 64.690.
In XAUUSD, as precisely mentioned in Monday’s analysis, the price has returned to test the 3384-3393 zone and Due to ongoing Middle East conflicts, the market is exhibiting indecision and the price is consolidating. If the price provides a close below the 3366 zone, it could reach 3359, 3345-3334, 3289, and 3247. But if the price receives support, it could increase further and reach our targets at 3448, 3491-3501, 3580-3592, and 3615.
In the S&P 500, as precisely mentioned in Monday’s analysis, the price received support from the 5935-5915 zone and has reached our target at the 6041-6068 zone. Now this zone has acted as resistance for now and pushed the price toward the 5973 zone. If this zone acts as a support, the price could continue its bullish momentum toward the 6041-6068 and 6120-6136 zones. But if the 5973 fails to support the price, then it could decrease toward the 5896-5875, 5815-5788, and 5690-5672 zones. Also, traders should be cautious due to uncertainties in the Middle East, which can directly affect the financial markets.
