Elliott wave analysis on EUR/USD; Gold and Crude Oil

Sorry for the late update today, but I have been very busy.

EUR/USD - Is the correction over already? I do think the correction from 133.61, has been a little shallow only reaching 136.89, but we have a clear divergence between the price-action and the MACD-Indicator, that tells us that the correction could be over. To confirm, that the correction is already over we need a break below 135.39, which should do for a new decline to 133.61 on the way to the next support near 131.

Only if 135.39 holds firm for a break above 136.41 can we expect one more rally towards 137.88.

Gold - We saw a break above 1,663, but the following decline is getting awful close to important support at 1,584.39. This support can not be broken if we are in a new impulsive rally.

A clear break below 1,584.39 will have the rally from 1,534.49 look like a correction an call for a new decline closer to important support near 1,500.

Crude Oil - The "Hidden divergence" seems to be kicking in and we could soon see the next aggressive impulsive decline below 77.18 towards my 72 target area.

Short term a break below 80.48 will confirm that the next decline is on.