1-2-1-2 is completed, now wave 3-of-3 is about to begin, roghly 1000 pips down. Other EURxxx crosses have resumes their descent as well. Starting the coming week the Euro will be pushed lower and lower as part of the sell-off in all base pairs, but also as a result of EUR getting weaker vs other currencies.
The root cause of all of this is the crash in Treasuries, of course. We are going to see a very powerful spike in DXY and a dramatic free fall of the Euro as 10Y shoots through 3% and then goes as high as 4..5%.
The root cause of all of this is the crash in Treasuries, of course. We are going to see a very powerful spike in DXY and a dramatic free fall of the Euro as 10Y shoots through 3% and then goes as high as 4..5%.
