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Aug 19, 2014
Bunds: Yield inside session suggests a pull back to148.80 trendline - RBS
FXStreet (Łódź) - The RBS team of analysts note that the German Bund yield formed a bearish inside session (Harami), following a weaker opening which indicated a pullback approaching to the trendline, where the 20-day MA and 148.79 Fibonacci projection lie.
Key quotes
"If the latter is broken, the move would extend further to the 148.00 and 147.40 support levels."
"Caveat would be a break above 150.34. A close or opening below 149.73 gap would confirm the view."
Key quotes
"If the latter is broken, the move would extend further to the 148.00 and 147.40 support levels."
"Caveat would be a break above 150.34. A close or opening below 149.73 gap would confirm the view."