In EURUSD, as predicted in Monday's analysis, we have witnessed a fake breakout from the (1.04770 and 1.04630) zone, and the price has come below this zone once more. Then, if this zone acts as a resistance once more, the price can start to decrease toward 1.03180 and 1.01970.Traders should be cautious to see if this zone holds or not. Price might finally break this zone, and price starts to move upwards; then we can have eyes on the 1.05770 and 1.06540 levels as our bullish targets.
In EURGBP, the price has finally broken its support level at 0.82830, but we haven’t seen a strong close below this zone, and now if we see a close below its current support at 0.82600, then we can have eyes on the 0.82230, which is a strong support zone. But we have two price targets if we see strong bullish continuation in price; these are 0.85450 and 0.86220.
In XAUUSD its the same situation as it was on Monday's analysis; the price is still ranging between our zones at 2940 and 2880, and due to the price's strong bullish desire, we might see new highs at (2953-2957) and (2975-2977); but if we witness a candle close below 2860 in 4H, then we might accept the current situation as the start of a retracement movement. Then the price can aim toward 2800 as well as 2758 and lower targets.
As mentioned in Monday's analysis of the S&P500, our critical zone was 6097 to 6107, and now the price is above this zone and has successfully tested it, and we saw a beautiful price pullback and support from this zone, and now we have a new all-time high for the SPX, so now we should wait and see if the price goes toward our target at 6215-6237. But if we witness a double top pattern in this area as well, then we could expect the price movement toward our support at 5840 and 5668 zones.
