EUR/USD: In A Bearish Cycle Phase, Divergence W/ Bond Yield Spre
Technicals are clearly bearish with lower lows printed.
Negative Brexit headlines the catalyst for the latest sell-off.
Clear divergence opening up between price action and 10-y bond yield spread.
Higher risks of playing bullish yield divergence as Brexit key driver and situation fluid.
The 5-DMA slope has turned lower for the first time since mid-February.
Negative Brexit headlines the catalyst for the latest sell-off.
Clear divergence opening up between price action and 10-y bond yield spread.
Higher risks of playing bullish yield divergence as Brexit key driver and situation fluid.
The 5-DMA slope has turned lower for the first time since mid-February.
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