In EURUSD, as mentioned in Monday’s analysis, the price has reached our target zone at 1.08060-1.07620. If the price receives support from this support level and continues its bullish momentum, then we have a target zone at 1.09070-1.09370, 1.09820-1.10000, and 1.11450-1.11690. But if we see a price close below 1.07600, then we have targets at 1.06950-1.06820 and 1.0630-1.0610; also, the price might decrease further and toward the 1.05270-1.05100 zone.
In WTI, as mentioned in Monday’s analysis, the price finally was able to close above 68.820, which has resulted in bullish movement toward our targets at 70.510, but the price might come back to test the 68.100-67.900 zone, and then continue its movement toward our targets at 70.510, 72.285, and 74.270. But if it fails to support, then the price will return to our range between 65.810 and 68.00, and if the price breaks below our support zone at 65.810, the price can continue its bearish movement toward our support at 62.770-62.010, and also 60.590.
In XAUUSD, price has the same situation as Monday's analysis; it's trading in a range between our two zones at 3040-3044 and 2997-3001. Therefore, patience is needed to see price action and its exit from either side of the trading range. If the price starts another bullish movement, after breaking the 3040-3044 zone, then the price could move toward 3065-3077 and 3095. But if the price breaks below 2997, then it could reach 2990, 2944, and 2920 as well.
In the S&P 500, as mentioned in Monday’s analysis, the price finally was able to close above 5750, and now it is trying to reach our target at 5820-5840 and 5895-5910. The price could try to test the 5670-5650 zone once more and then continue moving toward our targets at 5895-5910, 6055-6075, and 6125. But if this zone fails to support the price and we see a close below the 5592 zone and it moves lower, then we have targets in the 5349-5336 zone.
