EUR/USD - My fear, that the break above 145.15 was a weak break was confirmed yesterday, by the breaking back below 144.66. We are now back in no-mans-land and going... Up?... Down?
Nothing is clear at this point. We might have seen a truncation at 145.46, which would call for much furthe downside, but the decline from 145.46 is not convincing, which is way I haven't given up entirely, that we could see more upside pressure, but this is no optimal situation and trying to count this short term mess is a mess.
Regard the current price-action as a boiler where pressure is rising fast. When the steam is finally released the move will be fast and furious....
Gold - Failling to break below 1,781.65 set us up for a slight new high at 1,839.40, but the minor new high was followed by a negativ divergence. In the bigger perspective we also have a possible "Hidden Divergence", which is when the indicator is at a new high, but the price is not. The kind of signal normally is the set-up of a very powerful move. I'm still looking for a move below the pink dotted line to confirm the next (powerful) move lower.
Crude Oil - Also regained a new high and most likely is headed for the Pitch Forks resistance line near the 90 level, which is also where we find the 61.8% retacement level of wave iii. Expect this level to protect the upside for a break below 86.48 to confirm the next leg lower towards the target near the 72 area.
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