I expect both
US10Y
and
DE10Y
continue to rise.
But, the spread between the two countries may find resistance around 1.618 projection.
Under that scenario, I suspect EURUSD has bottomed at 1.1300 and could target 50% retracement of September 2018 high to Oct 2018 low at 1.1558.
Commentaire:
EURUSD reached a new low near 1.12 but the reversal scenario based on US-DE spread remain intact. 50% retracement now at 1.1515.
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