30 Mar 2015
Bunds: remain bullish for 0.13% - RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, suggests to remain bullish on bunds, targeting 0.13% with the recent price action supporting the bullish view.
Key Quotes
“We remain constructive the market, which we thought had formed a local base after getting support at 158.00/18 and seeing a typical Harami Cross pattern (an inside session, which has the open level equal to close), confirming our view for more upside towards 0.13% amid bullish flag triggered and 0.22% resistance broken.”
“Given a previously formed Methods continuation pattern on the futures chart (over the period of 10-18 March), I believe that the price will remain above the 20-day MA and see a further swing to 159.53, 160.04 and possibly 160.88.”
Key Quotes
“We remain constructive the market, which we thought had formed a local base after getting support at 158.00/18 and seeing a typical Harami Cross pattern (an inside session, which has the open level equal to close), confirming our view for more upside towards 0.13% amid bullish flag triggered and 0.22% resistance broken.”
“Given a previously formed Methods continuation pattern on the futures chart (over the period of 10-18 March), I believe that the price will remain above the 20-day MA and see a further swing to 159.53, 160.04 and possibly 160.88.”