In EURUSD, as mentioned in Wednesday’s analysis, the price broke above 1.16460 and started to move toward 1.18420. Currently, the price is attempting to test the 1.16920-1.16460 range to receive support and continue moving toward our targets at 1.18420 and 1.20040. But if the 1.16460 fails to support the price, then it could start to decrease, and the price could come back to test the 1.15310-1.14550 zone. If this zone also fails to support the price, and it provides a price close below 1.14450, then it could decrease toward the 1.13540-1.13750 zone.
In WTI, the situation has remained unchanged since Wednesday’s analysis, and due to the de-escalation of geopolitical conflicts, the price is trading in a range between 63.900 and 65.700. Now if the price breaks from above this trading range, then it could increase further toward 65.970, 68.360 and 70.690. But if the 63.900 zone fails to support the price and it provides a close below 63.700, it could decrease further toward 62.770-62.300 and 59.200-58.840.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, the 3345-3334 zone acted as a resistance and pushed the price toward our targets at 3289 and 3247. Now the price has received support from the 3247 zone and started to move toward the 3291-3296 zone. If this zone acts as a resistance, the price could decrease further toward 3247, 3224-3213, and 3182-3173. But if the price continues to increase and break above 3291, it could reach our targets at 3345-3334, 3358, 3368, 3384, 3398-3407, 3429, and 3448, 3492-3501.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, the 6041-6068 zone acted as support and pushed the price toward our targets at 6120-6136, 6149 for an ATH and further toward 6197.5. Now the price could increase further toward 6214-6227 and 6300-6335. But if the 6214-6227 acts as a resistance, then it could decrease further to receive support from either of the 6177, 6132-6119, and 6063. But if these zones fail to support the price and it provides a close below 5975, then it could decrease toward the 5896-5875, 5815-5788, and 5690-5672 zones.
