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2 Aug 2013
Flash: Bund to test 144.00? – RBS
FXstreet.com (New York) - Technical Strategist Dmytro Bondar at RBS analyses the short-term trend of Bunds.
Key quotes
“Bunds touched 141.86 retracement level and bounced above the 143.00 pivot point, suggesting there will be more upside in the near term, especially if the price closes above the 142.72 gap.”
Moreover, “a bounce from the 142.00/141.86 support and gap closure would be very positive pointing to 144.00 area targets and potentially 144.93 and 145.45.”
Key quotes
“Bunds touched 141.86 retracement level and bounced above the 143.00 pivot point, suggesting there will be more upside in the near term, especially if the price closes above the 142.72 gap.”
Moreover, “a bounce from the 142.00/141.86 support and gap closure would be very positive pointing to 144.00 area targets and potentially 144.93 and 145.45.”