Buy EUR if German 10-yr yield breaks abv previous week's highwee
Expanding channel breakout confirmed last week
Yield sought support of the channel ceiling earlier this week and 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.
Yield sought support of the channel ceiling earlier this week and 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.