DE10Y
10-year yield curve US-German comparison...10-year yield curve US-German comparison. The comparison aims at further understanding the EURUSD track. The DE10Y yield curve shows that the decreasing correction structure (red line) is shorter. But it can also be seen that the size of the fractals (green wave) before them is getting smaller. It can have two consequences. The first is that a drop in yields is expected in the short term. Then there will be a very flat rise in yield. Conversely, the US10Y yield curve surpassed 3% and showed a strong upward trend. Currently it has a target level of 3.75%. This difference may favor the dollar. The conclusion is that the US dollar may continue to strengthen in the short to medium term.
Bund has made a bullish exit, potential for further rise!Bund has made a bullish exit and sees major support at 159.26 (Fibonacci retracement, horizontal overlap support). A strong rise could occur from here pushing price up to 160.65 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) has made a bullish exit signaling that there’s a change in momentum from bearish to bullish.
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Bund right above major support, prepare for a potential bounce!
Bund is hovering really nicely above major support at 160.40 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level. If price breaks through our descending resistance line, this would add much more conviction to the potential bounce up to 161.88 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) also sees a descending resistance line holding price down really well. Only a break above this could trigger a corresponding bullish bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Possible reaction zone in US-GER 10Y spread $DXYWorking on daily swing low, weekly hammer $ZN_F, $FGBL, $EURUSD
