SharifAzadeh

Where To Look For An End To Bund Rout?

Short
FX:BUND   Euro-Bund
The support area in the rectangle has some unique characteristics that makes it a good place to expect the recent Bund sell-off to halt:

1- Trendline
2- 50% Retracement
3- Change of Polarity zone

Until that area, I don't see any reliable support on the chart and expect the Bund price to keep falling.

Good luck,

Ali Sharifazadeh, CFTe

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.