EUR/USD reached my target near 131.35 a little sooner than I expected and we should now see a correction towards 136.89, but could even reach 139.36.The first rally from 131.44 is clearly a three wave affair, which points towards some kind of flat developing.
Gold is still in a clear uptrend, but after a double overthrow and return into the light green channel does open the possibility of a top building. As long as important support at 1,525 isn't broken to the downside, the uptrend is intact, but a break above 1,680 is needed to lift gold higher towards 1,800. However a break below 1,525 will open up the downside for a decline to next support at 1,478, but the obvious target will be the channel mid-line near 1,272.
Crude oil - The failure to break clearly below 76 has lifted Crude oil back to its resistance near 84, which I expect will hold for a break below 81.68. A break below 81.86 should turn the price down towards strong support at 76 again. Only an unexpected break above 84 will open for a rally higher towards 90 again.
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