Elliott Wave Analysis: 10 Year US Notes May Face Higher Levels


10 year US notes are in a bullish three wave rise, with wave A/1, followed by current minor pullback down as wave B/2 which can find a support soon. We expect a bounce up into wave C/3 towards 131.20/30 area which can also help EURUSD to reach higher levels based on tight positive correlation with Us treasuries this week.

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10 Year US Notes, 1h


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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.