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26 Feb 2015
Bunds: bull flag triggered, targets 160.33 and 161.67 – RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, notes that with the bull flag triggered, bund futures are now targeting 160.33 and 161.67.
Key Quotes
“The market triggered the bullish flag, which we eyed in our previous publications, confirming the view for another bullish swing towards 0.22% and potentially lower yields. The level stays as a key Fibonacci retracement from the May-Sep impulse wave.”
“We have been buying against 158.20 futures level and see the next projected targets at 160.33 and 161.67. Stop can be moved higher to 159.00”
“SUP: 159.52 159.00 158.70”
“RES: 159.93 160.35 160.85”
Key Quotes
“The market triggered the bullish flag, which we eyed in our previous publications, confirming the view for another bullish swing towards 0.22% and potentially lower yields. The level stays as a key Fibonacci retracement from the May-Sep impulse wave.”
“We have been buying against 158.20 futures level and see the next projected targets at 160.33 and 161.67. Stop can be moved higher to 159.00”
“SUP: 159.52 159.00 158.70”
“RES: 159.93 160.35 160.85”