10 Yr. Bond/Bund..Long U.S./ Short German 10’s.
This spread is sitting right on it’s 200 DMA.
The moving averages have been a fair indicator as to Euro direction.
When the spread was at the Aqua line, its 50 DMA, April 10th the Euro put in a low.
Now that it’s up at its 200 DMA upside in the Euro should be suspect until
you get a couple of closes over the TYA/DB 200 DMA.
Spu’s…2358-55 is the low risk buy level with a tight stop.
