German Bund Is On The Rise, So As EURUSD Pair

We talked about a bullish turn on German Bund back on June 20th, where we mentioned and highlighted more gains within wave C of an A-B-C rally, which can also recover the EURUSD pair.

As you can see today on August 05, German Bund is extending strongly higher within a five-wave bullish cycle for wave C with space up to 140 area. At the same time EURUSD is also nicely recovering due to a positive correlation and with still bullish Bund, EURUSD can easily see more upside.