The market is sitting at the very lows right on time for ECB. We will not cover the Fundamental side here as this is in the main institutional chatroom... This strong support will mark the 4th wave from 2018. Those with a background in fibs and waves will know that for now price is capped below the 23.6% from the previous cycle; this in theory is the maximum retrace for the pullback leg.
As long as the 10Y yields remain below the 38.2% the nature of the trend remains towards the downside with lower levels to come. Highly recommend all to keep a track of this chart for the main event as confirmation of the downside comes into play at -0.397%.
Best of luck all those positioned in EUR and European Equities.
As long as the 10Y yields remain below the 38.2% the nature of the trend remains towards the downside with lower levels to come. Highly recommend all to keep a track of this chart for the main event as confirmation of the downside comes into play at -0.397%.
Best of luck all those positioned in EUR and European Equities.
