The Euro bull run continued even as bearish sentiment is in single digits. This excessive near term bullish traders reading continues to mean that a 5 wave rise is closer to completion. For the rally to continue unabated a pause or consolidation is needed. That said the big picture remains bullish as everyone has the narrative wrong.
US 10 Years T Notes
The 10 year note has retraced almost 50% and wave c=a is nearly done. wave ii should be near completion and wave iii down is to unfold next soon.
Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic and international clients. Views expressed in this article are purely of the author – Mr Rohit Srivastava – a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd