In EURUSD, after the price increase in Monday's analysis, the price has retested our zone (1.04770-1.04630) once more, and it has acted successfully as a support again, so we might have eyes on our bullish targets at 1.05770 and 1.06540. Unless this zone fails to act as a support, the price can start to decrease toward 1.03180 and 1.01970. Traders should be cautious and wait to receive confirmation from this zone.
In EURGBP, as mentioned in Monday’s analysis, the price has received great support from the 0.82690 zone, which seems to be a double bottom pattern, and we are still waiting to see a support and strong clos above this zone at 0.82830. If the price surpasses this zone, then we might see a bullish trend for the upcoming week and movement toward targets at 0.85450 and 0.86220, but 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.
In XAUUSD, as precisely predicted in Monday's analysis, the price reacted once more to our resistance zone at (2953-2957), and this zone pushed the price down straightly toward our targets at 2900 and 2880. Now, we should be cautious for the 2860. If we witness a candle close below 2860 in 4H, then we might accept this situation as the start of a retracement movement, and then we can have eyes on 2800 as well as 2758 and lower targets. But let's not forget that the movement is still bullish; therefore, we might see another movement toward our (2953-2957) zone and (2975-2977); and if the price keeps up its bullish momentum, then the price can go for a new high at 2973-2977 and 2996-2998.
In the S&P 500, we saw a continuum in price decline from Friday movement due to the rumors about the new pandemic in China. And now the price has received support from the 5920-5915 zone. If this zone holds as a support, we might see bullish movement toward the 6125-6134 zone and also higher highs at 6215 and 6237. But if this zone breaks, then the price can decline toward 5840 and also 5668.
