You can never be sure what’s going to drive markets in the period ahead but looking at the economic calendar, Greece and the US GDP revisions look the most obvious possibilities for Friday’s session. Here are 3 related charts that could prove useful to traders. EURUSD Daily The Euro looks as though it is rejecting the 61.8% retracement level, setting up for a possible rally Source: CMC Markets All things equal, oil and gold have a tendency to move in the same direction as the Euro in the short term. If the US Dollar weakens, the $US price of gold and oil tends to increase to compensate the loss of value of the commodities expressed in other currencies. Crude Oil Brent Daily While oil looks as though it may ultimately have further to decline having completed a big picture Gartley or AB=CD pattern, in the short term it looks as though it could be in the process of completing a smaller, bullish abcd pattern (red letters). In this case cd = ab x 1.27 Source: CMC Markets Gold Daily To round out the trifecta, gold has paused at the 78.6% Fibonacci retracement level. To actually reject this level on the daily time frame, the trend would need to change i.e. the daily candles should be making both higher lows and higher highs. A breakout over yesterday’s high would signal a turnaround while a break of yesterday’s low would confirm the downtrend. Source: CMC Markets CMC Markets is an execution only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.