US-GERMAN Yield Spread Near 1.618 Resistance

I expect both US10Y and DE10Y continue to rise.
But, the spread between the two countries may find resistance around 1.618 projection.
Under that scenario, I suspect EURUSD has bottomed at 1.1300 and could target 50% retracement of September 2018 high to Oct 2018 low at 1.1558.

Kommentera:

EURUSD reached a new low near 1.12 but the reversal scenario based on US-DE spread remain intact. 50% retracement now at 1.1515.