I am once again looking at the German-US yield spread and comparing it with the EUR/USD pair, and we can see that the cycles are quite similar. However, since April, the German- US yeild spread has been coming down, which may suggest that the EUR top is not far away. Of course, there can still be a retest of 1.18, but I assume that by the end of the summer we could have some more important price data and structure confirming that EURUSD is ready for a correction.
I will talk about this and more in our webinar at 15CET
GH

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