25 Feb 2015
Bunds: long to 0.22%, futures target 160.00 – RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, provides the technical targets for Bunds, with the potential bullish formation favouring a move towards 0.22%.
Key Quotes
“The market has started to lift off the ranges, with the resistance of 159.03 broken and now seeing further upswing to 159.54 onto 160.37.”
“Yesterday’s price action confirms our view for another spike into uncharted territory with 0.22% yield technical target remaining intact.”
“The yield chart suggests there is a potential bullish flag formation, which, once triggered, will see a push towards 0.22%.”
“Only a sustained break above 0.44% would cancel the view.”
Key Quotes
“The market has started to lift off the ranges, with the resistance of 159.03 broken and now seeing further upswing to 159.54 onto 160.37.”
“Yesterday’s price action confirms our view for another spike into uncharted territory with 0.22% yield technical target remaining intact.”
“The yield chart suggests there is a potential bullish flag formation, which, once triggered, will see a push towards 0.22%.”
“Only a sustained break above 0.44% would cancel the view.”