I am again looking at the German-US yield spread and comparing it with the EUR/USD pair, and we can see that the cycles are quite similar. However, since April, the German- US yeild spread has been coming down, which may suggest that the EUR top is not far away. Of course, there can still be a retest of 1.18, but I assume that by the end of the summer we could have some more important price data and structure confirming that EURUSD is ready for a correction.
I will talk about this and more in our webinar at 15CET
GH
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
/Amazon%20-%20Image%20by%20bluestork%20via%20Shutterstock.jpg)
/Space%20Technology%20by%20Rini_%20com%20via%20Shutterstock.jpg)
/Apple%20Inc%20logo%20on%20Apple%20store-by%20PhillDanze%20via%20iStock.jpg)
/Microsoft%20France%20headquarters%20by%20JeanLuclchard%20via%20Shutterstock.jpg)