EURUSD looks to have bottomed, as it’s trying to form the base at the end of a decade cycle from technical point of view.
I think it bottomed in 2022, and that Eurodollar futures are approaching end of cylce. Bounce will be supportive for the EURUSD. Bunds forming a wedge, turn down on US and BUND yields will make EURUSD bullish (rate differential) like in past cycles.
Become a member
Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.
NZDUSD: Up and Down we go, but where from here? Check our blog HERE.