EUR/USD - We have seen the expected break-down, but it has become deeper than I first expected. My best short term can be seen above, which calls for one more low near 133.54 and maybe even 132.28, if we have seen the top of red wave-iv.We can see a clear positive divergence, which tells us we are in the later part of the decline from 139.36 and soon should see a correction higher towards the 137 area.
Longer term we are headed for a move below 123.78.
Gold - broke to the downside. The messy consolidation turned out to be wave d of an ending diagonal, which could bring us down towards 1,665, but againe we are in the later part of this pattern and we could see a turn higher anytime now. A break over 1,808 will confirm the next rally higher towards at least 2,032.
Crude Oil - We saw the break back into the fat red Pitchfork, which have accelerated the decline.
We are now headed for the Pitchfork mid-line, which is now in the 72-area, which also happens to be my target area.
The upper Pitchfork line should now act as resistance.
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