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ew-forecast
Mar 8, 2021 3:26 PM

Faster Rising US Than German Yields Causes A Drop On EURUSD  

DE10Y-US10YTVC

Description

Hi traders,

I hope you had a nice weekend.

In this new video update, I want to look at US-German yields differential as this may suggests where the USD can be headed next. However, technically the DXY downtrend is not completely invalidated yet, so rather than shorting EURUSD, look at USDJPY instead where I see more upside after retracement.

Have a nice day.

GH
Comments
VasaVanPersie
Hi friend, there is such a vision
ew-forecast
@VasaVanPersie, Yes, key level for sure, same as DXY moves here into potential resistance mentioned in video.Was looking at line chart which makes it slightly different. However, we need confirmation for one of the sides anyhow, so I rather focus on USDJPY for now.
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