The EURUSD has reached and dropped below the 100% extension of 15144-14216 (13650) but the larger trend remains extremely bearish against 14030, as a 3rd of a 3rd wave is considered underway from there. An objective is 13081 (161.8% extension). Any rallies should prove corrective. 13750-70 is resistance.
The GBPUSD broke its diamond top last week and the trend is down against 16076. The rarity and reliability of the diamond pattern makes the break especially bearish. Given the 3rd of a 3rd count from 16464, the first Fibonacci confluence is not until 14714/62. Rallies should prove corrective and near term resistance is 15665 and 15729. Former resistance at 15356 may provide some this week.
The AUDUSD has broken below its December low and focus is now on 8400. If the decline from 9055 is a 3rd wave, then the decline should extend to at least 8400, which is the 161.8% extension of wave 1. Price should stay below 8774.
