Here a very technical chart with lots of magical trend lines, very clean and easy to follow; a break above the descending trendline to the topside @ 1.85 will negate the long-term downtrend that has been in place.
It will expose the September highs at 1.907 and 1.937 respectively. Price will lead sentiment and therefore a break to the topside will imply a round of positive risk-sentiment...this fundamental view looks difficult with protectionism at the helm.
To the downside; support is located at 1.705 and 1.502 - a close below the 1.502 lows is necessary if bears are to end the current corrective chapter that we are in.
Best of luck all those in Fixed Income and in particular US Yields for the final months in 2019...a difficult environment to say the least. Highly recommend all to dig deeper into the macro picture built on Telegram and in the previous chart archives.
Thanks!
It will expose the September highs at 1.907 and 1.937 respectively. Price will lead sentiment and therefore a break to the topside will imply a round of positive risk-sentiment...this fundamental view looks difficult with protectionism at the helm.
To the downside; support is located at 1.705 and 1.502 - a close below the 1.502 lows is necessary if bears are to end the current corrective chapter that we are in.
Best of luck all those in Fixed Income and in particular US Yields for the final months in 2019...a difficult environment to say the least. Highly recommend all to dig deeper into the macro picture built on Telegram and in the previous chart archives.
Thanks!
Trade closed: target reached
