SharifAzadeh
Short

Where To Look For An End To Bund Rout?

FX:BUND   Euro-Bund
79 4 3
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
Hi Ali,
What if European Commission, IMF and Tsipars do not reach a deal?
What if Dragi Increases QE program?
Reply
SharifAzadeh TahaSadeghi
Well, that's why I am optimistic on the resumption of the Bullish trend. Draghi will continue his QE until Sep 2016, as he said on Wednesday.
Reply
TahaSadeghi SharifAzadeh
I think there might be a cinsiderable diffrent between keeping a light on and inceasing the number of lights bro.


Reply
Today the support area was touched and a decent bullish hammer is being formed. Price action tomorrow will be extremely important.

Stay tuned!
Reply
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