Bunds have not been able to break below this key trendline (blue) which has served as the support for this move since 2014.
The path of least resistance appears to be to the upside with a major resistance area pretty far above @ ~180.00. Both the top of the current channel as well as a major trend line connecting the '94 and '99 highs (green)
The path of least resistance appears to be to the upside with a major resistance area pretty far above @ ~180.00. Both the top of the current channel as well as a major trend line connecting the '94 and '99 highs (green)
Comment:
Ended up dropping back down during the end of June to close below this trend line. Could see a big drop from here.