Bonds

German Bund Is On The Rise, So As EURUSD PairAug 5, 2024

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. CLICK HERE

German Bund Is On The Rise, So As EURUSD Pair BUND Daily Chart From June 19
BUND Daily Chart From June 19

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.

German Bund Is On The Rise, So As EURUSD Pair BUND Daily Chart From August 05
BUND Daily Chart From August 05

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