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15 Apr 2015
Bunds: 0.13% target reached, more upside likely after correction – RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, expects bunds futures to see a correction towards 159.11 before making another move higher towards 160.88.
Key Quotes
“The market reached our key target of 0.13% yesterday, as futures broke the 159.53 resistance and indicate that there may be more upside after a possible correction from this area.”
“Given a previously formed Methods continuation pattern on the futures chart (over the period of 10-18 March), I believe that the price will see a further swing to 160.04 and 160.88 after a possible correction (to 159.11) is completed.”
Key Quotes
“The market reached our key target of 0.13% yesterday, as futures broke the 159.53 resistance and indicate that there may be more upside after a possible correction from this area.”
“Given a previously formed Methods continuation pattern on the futures chart (over the period of 10-18 March), I believe that the price will see a further swing to 160.04 and 160.88 after a possible correction (to 159.11) is completed.”