Today I will start with bunds as I think that this market is about to top soon since we can count five waves up from mid-April, and if that’s going to be the case then EUR/USD will find buyers based on negative correlation. In fact, the EUR/USD pair can be headed to a new low from here for a final touch of 1.1100 level to complete a higher degree downtrend. So ideally, the bounce will occur after that spike.
BUND vs EUR/USD, 4h
EUR/USD, 1h
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