EUR/USD - We are closeing in on the first serious support near 142.85, a break below here will be first warning that we saw a truncation at 145.46, but we still need a break below 140.54 to confirm the truncation and a push much lower.
The boiler is still running on full steam threatening to blow.
Gold - Not much to add. I'm still looking for at break below 1,813.54 and more importantly 1,775, which will confirm that the next leg lower has begun. I still regard Gold as serious overbought and a decline towards strong support to the 1,500 area will relieve the pressure.
Crude Oil - Not much to add here either. We are closeing in on the resistance near the 90 area, from where I expect the next leg lower to begin. A break below 86.48 confirms, that the correction from 76.08 is over and that we are headed for the next downside target near 72.
Crude Oil - Not much to add here either. We are closeing in on the resistance near the 90 area, from where I expect the next leg lower to begin. A break below 86.48 confirms, that the correction from 76.08 is over and that we are headed for the next downside target near 72.
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