Short till 1.2370 to 1.2320 then long again to 1.30 area.
Still bullish we should breakout for the next leg but within that leg this is a possible path.
Back to bullish , did not correct as deep as I projected, if the current move hold then we are should be going to the next major target of the next leg up. It should consolidate near the recent break out and then move higher. I hate trading breakout but it is what it is.
Sell zone in red . Short term sell but long term is very bullish.
We reached our target now we could correct .
We reached target #2 on the daily chart. This year we should reach the weekly targets. On the daily chart it may push higher but it time for a correction.
This is the chart that gives support to long gold ,silver,euro, oil and other commodities. Expect tops for those markers in 2022 to 2025. Stocks will not return much only game in town will be commodities for a while.
Once the chanel breaks the bond bull will end and the 2 possible move out of the channel and the area where the the rates could run to and then correct back.