US 10Y Bonds head for choppy water. How will this impact EURUSD?
10 year bonds have been over bought for a while now, due to how well the Dollar's performed compared to other major currencies. A correction is definitely coming, but I'm not convinced it will be a major one. YES, the head and shoulders is there, but at the same time, there's so much support below the current price. I still think the Dollar's going to come back strong and continue to outperform the Euro over the next few months. I'll definitely have my eye on this market over the next week or two.
