Buy Euros if German 10-yr yield breaks abv. previous week’s high

Expanding channel breakout confirmed last week
Yield sought support of the channel ceiling earlier this week and is now staging a rebound
A break above the previous week’s high of 0.58% would open doors for 0.67% (weekly 200-MA)
Sell Euros if the yield breaks below 0.50% levels. Dips to weekly 5-MA likely to be short lived

I would prefer buying EUR/AUD if the yield breaks higher, while selling EUR/USD, EUR/JPY will be my choice if the German yield breaks below 0.5%

download (1).png


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s