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9 Apr 2015
Bunds: further upside towards 159.53 – RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, notes that the opening above 159.11 resistance ends consolidation and suggests further upside potential towards 159.53 for bunds.
Key Quotes
“The market ended its corrective phase, as it opened above the key resistance of 159.11, suggesting more upside is possible, in line with our view.”
“I believe the market has formed a local base and remains poised for more upside towards 0.13% amid the bullish flag triggered and the 0.22% resistance broken.”
“As a key resistance has been cleared, I think the price is about to form a further upswing to 159.53, 160.04 and possibly 160.88. The risk level is 158.69 and 20-day moving average.”
Key Quotes
“The market ended its corrective phase, as it opened above the key resistance of 159.11, suggesting more upside is possible, in line with our view.”
“I believe the market has formed a local base and remains poised for more upside towards 0.13% amid the bullish flag triggered and the 0.22% resistance broken.”
“As a key resistance has been cleared, I think the price is about to form a further upswing to 159.53, 160.04 and possibly 160.88. The risk level is 158.69 and 20-day moving average.”