Kumowizard

BUND - Still in range with tightenning triangle

FX:BUND   Euro-Bund
40 0 0
After decent rally, Bund             has been consolidating for about 3 weeks now in tight range. Indicators on 4 Hrs show it is totally trendless now. We will likely see a decisive break to one direction in next coming days, so it worths to put Bund             on the radar now. Pls note that the break of the triangle on any side still doesn't mean the trend will start. It has to clearly break the range bottom or top to put bets on it with higher probability. Watch it together with equity mkts, as I think in the Bund             the move will start in line with equities new risk on or risk off mood,
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