German Bund is falling sharply and impulsively for the last three years without overlaps, so its a bearish trend, but five waves down and  potential wedge shape and divergence on RSI may suggest that trend is coming to an end and that market can see a change in trend. We can actually already see price stabilizing, so be aware of a bigger recovery, at least back to 143-144 area. So if bunds can see more upside, then eurusd can also resume higher as US yields can fall faster than yields in europe.

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Looking at the EURUSD pair, the price  is turning up nicely ip after potentially completed A-B-C expanded flat correction. We see pair recovering with some price move since US CPI came lower than expected for October. Ideally new bullish sequnce is here and can be underway back to 2023 highs.

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Bottom line, even if German BUND will face only three-wave recovery back to 143-44 area, EURUSD has plenty of room to the upside, as CB can be done with lifting rates in 2024.

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