In EURUSD, as mentioned in Wednesday’s analysis, the price tried to break out below our zone at 1.08060-1.07620. But it didn’t provide us with a valid close below 1.07600, and now the price has risen and retested the support zone. If the price continues its bullish momentum, then we have a target zone at 1.09070-1.09370 , 1.09820-1.10000, as well as 1.11450-1.11690. But if we see a price close below 1.07200 , 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 precisely mentioned in Wednesday’s analysis, the price came back to test the 68.100-67.900 zone. If this zone supports the price bullish trend, then it could 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, as mentioned in Wednesday’s analysis, after breaking the 3040-3044 zone, price started another bullish movement and moved toward all of our targets at 3065-3077 and 3095. Due to numerous economic uncertainties, traders should be cautious and patient. If the price continues its bullish movement, then the price could move toward the 3118-3131 and 3174-3185 zones. But if the price breaks below 3077-3065, then it could reach 3056-3050, 3040, and 3012 as well.
In the S&P 500, as mentioned in Wednesday’s analysis, the 5650-5750 zone was unable to support the bullish movement, and we saw a close below 5592. Now, if the 5540-5523 zone acts as support and holds the price, it can move toward 5750 and then reach our next target at 5820-5840 and 5895-5910. But if this zone fails to support the price and the price continues its bearish movement, and we see a strong close below 5506, then it can move lower and reach our target in the 5349-5336 zone.
