German bund is on the rise, so as EUR/USD pair
|We talked about a bullish turn on German Bund back on June 19th, where we mentioned and highlighted more gains within wave C of an A-B-C rally, which can also recover the EURUSD pair. We also shared a free chart.
BUND Daily Chart From June 19
As you can see today on August 06, 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.
BUND Daily Chart From August 06
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